AMD Appoints Mathew Hein as Chief Strategy Officer

Rhea-AI Summary

AMD announced the appointment of Mathew Hein as chief strategy officer and senior vice president of corporate development, effective June 27, 2022. Hein will focus on advancing AMD's strategy in high-performance and adaptive computing solutions, collaborating closely with the executive team to drive growth. He has extensive experience in strategic planning and business development, having previously advised AMD and worked at Morgan Stanley. CEO Dr. Lisa Su emphasized the increasing demand for high-performance products, positioning Hein as a valuable addition to accelerate AMD's market presence.

Positive

• Appointment of Mathew Hein expected to enhance strategic direction and growth.
• Hein's extensive experience in technology investment banking can lead to improved business development.

Negative

• Potential concerns about continuity as a new strategy leader joins.
• Experience gap as Hein transitions from advisory role to executive position.

SANTA CLARA, Calif., June 22, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that Mathew Hein is joining the company as chief strategy officer and senior vice president of corporate development, effective June 27, 2022. Hein will be responsible for advancing the company’s strategy across an expanded market for high-performance and adaptive computing solutions and will work closely with the AMD executive team to accelerate the company’s next phase of growth. Hein will report to AMD Chair and CEO, Dr. Lisa Su.

“The need for high-performance and adaptive computing products is only increasing, as the world demands more compute to power every aspect of our daily lives,” said Dr. Lisa Su, AMD chair and CEO. “Mat is a seasoned strategist with deep industry experience and a proven track record of architecting transformative growth opportunities, including our recent acquisition of Xilinx. He is a strong addition to our executive team as we continue to grow our business and capitalize on the right opportunities to drive a leadership position and greater market share for our portfolio of high-performance and adaptive products.”

Hein brings extensive experience in strategic planning and business development, technology investment banking and capital raising transactions for established and emerging growth companies in the semiconductor, high-performance computing and broader technology markets. He joins AMD from DBO Partners, where he served as lead advisor to AMD on a number of opportunities. Prior to DBO, Hein spent 17 years at Morgan Stanley in a variety of leadership positions, including managing director of the Technology Investment Banking Group and global head of Semiconductor Banking. Hein was named a Top Investment Banker in North America for 2020 by MergerLinks.

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About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and Twitter pages.

AMD, the AMD Arrow logo, and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Contact: 
Brandi Martina
 AMD Communications 
(512) 705-1720 
brandi.martina@amd.com

Laura Graves 
AMD Investor Relations 
(408) 749-5467 
laura.graves@amd.com 

 

FAQ

Who is Mathew Hein and what is his role at AMD?

Mathew Hein is the newly appointed chief strategy officer and senior vice president of corporate development at AMD, effective June 27, 2022.

What experience does Mathew Hein bring to AMD?

Hein has extensive experience in strategic planning, business development, and technology investment banking, previously advising AMD and working at Morgan Stanley.

Why is Mathew Hein's appointment significant for AMD?

His appointment is significant because it is expected to enhance AMD's strategic direction and drive growth in high-performance computing solutions.

When did Mathew Hein join AMD?

Mathew Hein officially joined AMD on June 27, 2022.

What will Mathew Hein focus on in his new role?

Hein will focus on advancing AMD's strategy for high-performance and adaptive computing solutions.