AMD Appoints Rajan Naik as Senior Vice President and Chief Strategy Officer

AMD (NYSE: AMD) announced today that Rajan Naik, 40, has joined the company as senior vice president and chief strategy officer. He will report to president and chief executive officer Rory Read. Naik, who was most recently a Partner in McKinsey & Company's Technology practice will be responsible for AMD's short-and long-term strategy development, including market opportunities, strategic partnerships and investment strategies.

"Rajan Naik possesses a strong track record of execution in strategic planning, product and market strategy, and operational performance," Read said. "He will help ensure strategic and operational alignment across our business to take advantage of growth opportunities in lower power, emerging markets and cloud computing."