TheStreet.com is reporting on rumors that AMD CEO Hector Ruiz is on the way out.
With AMD’s financial performance and share price slumping, talk of a management change is in the air.
Speculation has been heightened by recent events, including the exit of investor relations head Mike Hasse, and the September departure of sales chief Henri Richard.
Last week, President Dirk Meyer was appointed to the company’s board.
Add it all up, and some believe the signs point to a possible change at the top, with Ruiz stepping down, and Meyer taking over.