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Hector Ruiz steps down as Spansion's Chairman of the Board

Spansion, a company experienced in the development of flash memory and formed by AMD and Fujitsu in 1992, is experiencing a changing of the guard in the Chairman of the Board position. Hector Ruiz, who serves as Chairman and CEO for AMD, also served as Chairman of the Board for Spansion -- that position will now be taken over by Donald L. Lucas.

In addition, Gilles Delfassy was also appointed to Spansion’s Board of Directors. "Their deep semiconductor business, operations, financial and technology expertise will be a strong complement to the board in an exciting time for the company as we continue to redefine the Flash memory industry," said Spansion CEO Bertrand Cambou.  "On behalf of the Board, I would like to thank Hector for his considerable contributions as an inspirational and instrumental leader for the Spansion Board, who played a significant role in helping Spansion achieve its status as a leading, independent NOR Flash memory company."

Lucas has been affiliated with a number of companies over the past thirty years including National Semiconductor Corporation (which he helped to found), Oracle and Dexcom. Delfassy served as senior vice president for Texas Instruments.

"I have always been interested in and worked with great leaders of technology companies," remarked Lucas. "With a Board of Directors focused on improving the company’s capital structure, a strong management team, solid long term strategy and compelling technology and solutions, Spansion is well positioned for future success."

"In my role at Texas Instruments, I worked closely with Spansion over the years through a strong alliance in the wireless area," added Delfassy. "I now look forward to joining the board and more directly participating in Spansion’s growth opportunity."

Ruiz's departure from the Spansion board should give him more time to focus on ensuring the success of AMD's new Barcelona architecture. AMD's L3 cache-equipped Barcelona processors are based on a 65nm manufacturing process and feature up to 4.5MB of onboard cache.

AMD's new quad-core and upcoming triple-core Barcelona processors will be going toe-to-toe with Intel's upcoming Penryn family of processors.



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This article is over a month old, voting and posting comments is disabled

I am curious when will he step down from AMD's CEO.
By Roy2001 on 9/26/2007 5:44:11 PM , Rating: 2
I am curious when will he step down from AMD's CEO.




By kilkennycat on 9/26/2007 6:14:58 PM , Rating: 2
Surprised it has not already happened, with the gross blunders in buying ATi with borrowed money plus paying 20% premium over market valuation for a company with chronic lackluster financial performance.


By TomZ on 9/26/2007 8:28:07 PM , Rating: 2
I agree, and so any news (like this article) of Ruiz' removal from a position of authority is good news.


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