AMD Names Raza President and COO; Previte Becomes Vice Chairman; Palmer Joins Board.SUNNYVALE, Calif.--(BUSINESS WIRE)--April 30, 1999-- W.J. Sanders III, chairman and chief executive officer of Advanced Micro Devices, announced today that Richard Previte was elected vice chairman of the board of directors, S. Atiq Raza was elected president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and Robert Palmer Robert Palmer may refer to:
New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Raza, 50, had been executive vice president, co-chief operating officer, and chief technical officer. He will retain the title of chief technical officer and continue as a member of the company's board. Raza joined AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. in January 1996 following AMD's acquisition of NexGen, Inc. At NexGen he was chairman, chief executive officer and president. Previte, 64, assumed the titles of president and chief operating officer in May 1990 and has been a member of the AMD board since then. Previte joined AMD in September 1969 and served as chief financial officer for 20 years prior to being named president. In addition to being vice chairman of AMD, Rich will continue as chairman and acting CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Vantis, AMD's programmable logic subsidiary which is in the process of being acquired by Lattice. Palmer, 58, was the chairman and chief executive officer of Digital Equipment Corporation, and negotiated the 1998 merger of Digital with Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. . He is a member of the board of directors of AlliedSignal Inc. and sits on the board of the Cooper Institute for Aerobic Research, a nonprofit preventative medicine research and education organization. About AMD AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.5 billion in 1998. (NYSE NYSE See: New York Stock Exchange :AMD) Note to Editors: AMD and the AMD logo are registered trademarks of Advanced Micro Devices, Inc. |
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