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AMD confirms Richard’s departure

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AMD confirms Richard's departure

Sunnyvale (CA) – Following earlier reports by Hexus.net and News.com, AMD today confirmed that its chief sales and marketing officer Henri Richard will be leaving the company in September of this year.

AMD said that Richard will depart “of his own accord and on completely amicable terms.” The company said that there is no immediate replacement for the executive; the firm’s global sales and marketing organization will report into the office of the CEO until a permanent replacement is appointed, a statement said.

“Henri’s primary goal at AMD has been to construct a world-class global sales and marketing organization focused on enduring relationships with major PC and server OEMs around the world. He delivered on that goal,” said AMD Chairman and CEO Hector Ruiz. “AMD is fully focused on leveraging the momentum we established during the last five years to achieve even greater levels of success ahead.

Richard leaves AMD after what only can be described catastrophic period of three quarters that brought a loss of almost $1.8 billion and nearly $3.7 billion of new debt. Richard was one of AMD’s most prominent faces, which apparently will be missing during the introduction of the firm’s quad-core Opteron processor “Barcelona” on September 10.