—Waleed Al Mokarrab, COO of Mubadala Development Company, appointed to AMD Board of Directors—
SUNNYVALE, Calif. -- March 2, 2009 --AMD (NYSE: AMD) announced today that Bruce Claflin has been appointed Chairman of its Board of Directors. Mr. Claflin replaces Hector Ruiz, who retired from AMD’s Board in conjunction with assuming the position of Chairman of the Board of “The Foundry Company”. Mr. Claflin has been a member of AMD’s Board of Directors since August, 2003.
The AMD Board also appointed Waleed Al Mokarrab to the Board. Mr. Al Mokarrab is chief operating officer of Mubadala Development Company.
“Bruce Claflin brings a wealth of business experience that applies directly to the challenges and opportunities relevant to our company,” said Dirk Meyer, president and chief executive officer of AMD. “We are also honored to welcome Waleed Al Mokarrab to the Board. His experience in business development across a broad range of industries will be an invaluable asset to AMD.”
Mr. Meyer continues in his role as president and CEO, and as a member of the AMD Board of Directors.
Mr. Claflin has 33 years of experience in senior positions with IBM, Digital Equipment and most recently as CEO and member of the board of directors of 3Com Corporation, a provider of voice and data networking products and services. He has run major personal computer businesses and has extensive international experience, including the founding and management of international joint ventures. In 2006, Mr. Claflin retired from 3Com Corporation. Mr. Claflin is also a member of the board of directors for Ciena Corporation.
Waleed Al Mokarrab is the Chief Operating Officer of Mubadala. His primary responsibilities are to oversee Mubadala’s operational and business development activities. These include Mubadala’s international acquisitions and business development activities across a broad range of industries such as healthcare, education, energy, infrastructure, aerospace, real estate and technology. Prior to joining Mubadala, Mr. Al Mokarrab worked with the UAE Offsets Group as a Senior Projects Manager. He brought with him a wealth of experience from McKinsey & Company where he worked as a Consultant, advising on a range of industrial and governmental projects.
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