Three execs walk from AMD

AMD has lost three of its top executives, including its CMO and the general manager of its computing and graphics business group.

The latter is John Byrne, and the role is central enough to AMD's business for the CEO, Lisa Su, who was appointed last October, to assume his duties while the company seeks a replacement. Burne will remain at AMD until the end of March to aid the process.

THe other departures are chief marketing officer Colette LaForce and chief strategy officer Raj Naik.

AMD has described the departures as, "part of implementing an optimal organisation design and leadership team to further sharpen our execution and position AMD for growth."

While it's chips are a prominent feature of the current generation of consoles, AMD has struggled to keep up with its major competitors in recent years. Shares in the company were trading for $10 in 2010, but they haven't been above $5 since late 2012. Today, that share price is just over $2.60.

Last October, AMD announced its plans to cut 700 jobs, which is around 7 per cent of its total workforce.

Thanks Reuters.