AMD CEO Su surprisingly leaves Cisco board of directors

Lisa Su, CEO of AMD, has reportedly left her position on the board of Cisco and Analog Devices. The reason for her resignation is not known, but it is believed to be related to AMD’s strategy toward the networking and data center industry. Su had been a member of Cisco’s board since 2019 and a member of Analog Devices’ board since 2016. Her resignation is a surprise, as she was considered a key member at both companies.

An SEC filing by Cisco disclosed that Su resigned from their respective positions along with three other officers. The filing did not give a reason for the resignations. There is speculation that Su’s resignation is related to AMD’s rapid change in strategy. The company has made significant strides in the server industry in recent years and has become a serious competitor to Intel. AMD has also improved its data center offerings, posing a threat to incumbents such as Cisco.

On October 4, 2023, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su each notified Cisco Systems, Inc. of their respective decision not to stand for re-election at Cisco’s 2023 annual meeting of stockholders.

Ms. Burns, Mr. McGeary, and Dr. Su will continue to serve as directors until the 2023 Annual Meeting.

-SEC Filing

Su’s resignation from Cisco’s board could strain the business relationship between the two companies. Cisco is a major customer of AMD, and Su’s resignation could complicate cooperation between the two companies. It remains to be seen how Su’s resignation from both boards will affect AMD. The company has made significant progress in recent years and is in a strong position. However, it is possible that Su’s resignation will draw attention to the potential conflicts of interest between AMD and its competitors.

Potential impact on AMD

Su’s resignation from both boards could impact AMD in the following ways:

• Reduced business relationship with Cisco: Cisco is a major customer of AMD, and Su’s resignation could make it more difficult for the two companies to work together.
• Increased attention to conflicts of interest: Su’s resignation from Analog Devices could draw attention to the potential conflicts of interest between AMD and its competitors.
• Focus on AMD: Su’s resignation could allow her to focus more on AMD and drive the company’s transformation.

Source: Don Clark