AMD CEO Lisa Su Denied a Rumor She Wants to Replace IBM CEO

AMD CEO Lisa Su rarely tweets, but she made sure to do so Tuesday morning to shoot down a report that she may be leaving the chip giant as she eyes IBM’s top post.

“Just for the record, zero truth to this rumor,” Su tweeted, replying to a Wcctech report that made the claim. “I love AMD and the best is yet to come.”

Still, it appears the question of IBM’s succession is in the air: Last week, a Morgan Stanley analyst said that Jim Whitehurst, CEO of Red Hat, is widely seen as the heir apparent to IBM chief exec Ginni Rometty. It’s not clear where the interest in IBM’s line of succession comes from, however, as Rometty hasn’t given any indication of leaving.

Read the full article here.

previous post Back to Articles next post

02 Aug 2021

TowerBrook Capital Partners Makes Strategic Investment in EisnerAmper LLP

Transaction Details TowerBrook Capital Partners, an international investment management firm, has made a strategic investment in EisnerAmper, one of the largest professional services firms in the world, offering premier accounting, tax and business advisory services. The firm will now operate two divisions: EisnerAmper LLP, a licensed CPA firm, will provide attest services; and Eisner Advisory Group LLC,...

16 Jul 2021

Platinum Equity Acquires Ingram Micro

*Financial Information ($USD) Enterprise Value:         $7.2 Billion EV/FY20 Revenue:      0.15x Transaction Details Platinum Equity announced that it has completed the acquisition of Ingram Micro Inc. from HNA Group. Ingram Micro’s total enterprise value in the transaction was $7.2 billion, including $5.9 billion in equity value Ingram will retain CEO Alain Monié and...

13 May 2021

NWN Corp. Acquires Carousel Industries

Financial Information ($USD) Not Disclosed Transaction Details NWN Corporation, a leading Cloud Communications Service Provider (CCSP), announced yesterday that it will acquire fellow solutions provider Carousel Industries. Financial terms of the deal were not disclosed. New State Capital Partners, majority stakeholder of NWN since 2015, is backing the transaction which will form a combined company...