AMD’s CEO Lisa SU has allegedly resigned from the position of Board of Directors at Cisco after being a key member for three years.
AMD’s rapid change in approach to the networking and data center industry appears to be a key reason for CEO Lisa Su’s resignation
The information comes from an SEC filing by Cisco, published by renowned journalist Don Clark, which reveals that AMD’s CEO, along with three other officials, are reportedly resigning from their respective positions. Here’s what the filing had to say:
On October 4, 2023, M. Michele Burns, Roderick C. McGeary and Dr. Lisa T. Su Cisco Systems, Inc. announced their decision not to run for re-election at the 2023 Cisco Annual General Meeting.
Ms. Burns, Mr. McGeary and Dr. Su will continue to serve as directors until the 2023 annual general meeting.
-SEC filing
The reason for the resignations was not given and was even unexpected, as there was no “inequality” among the members, at least as far as we know. AMD’s CEO initially joined Cisco’s board of directors in 2020 with the aim of solidifying AMD’s image in the networking and server industry, as Team Red is in a state of disrepair at this point compared to what it actually currently is was in a much worse position on the market. We believe this is the reason why Lisa Su decided to part ways with Cisco, which we will explain later.
Looking at the industry landscape, it is clear that AMD is becoming a competitive player in the server industry, primarily through its EPYC offerings as well as developments in software resources. Additionally, due to the influx of GenAI developments, AMD has been rapidly improving its data center offerings, posing a threat to companies like Cisco that are well-established in the networking and cloud solutions markets. Since there is an obvious “conflict of interest” here, Lisa Su’s decision seems to be the right one.
AMD’s current approach suggests that the company is on track to achieve a much more dominant position than it did a decade ago. In addition to Cisco, Lisa Su has also left the board of well-known IC manufacturer Analog Devices, suggesting that Team Red is now in a much better position.
News source: Don Clark