AMD hiring Jean Hu as CFO made history, making the chip maker the first major U.S. tech company to have women of Asian descent as CEO and CFO at the same time.
Advanced Micro Devices Inc. is believed to be the first major U.S. company to place women of Asian descent in the chief executive and chief financial officer roles at the same time, a significant move given barriers Asian-American women face in reaching the C-suite.
AMD AMD announced Wednesday afternoon that it is hiring Jean Hu from Marvell Technology Inc. MRVL as CFO. The Silicon Valley chip maker said Hu would start Jan. 23 to succeed the retiring Devinder Kumar, who will stay at AMD until April to ensure a smooth transition. DiversIQ’s Eastman noted that out of 507 CEOs in the S&P 500, only three are Asian women — AMD’s Su, Arista Networks Inc.’s ANET Jayshree Ullal, and Vertex Pharmaceutical Inc.’s VRTX Reshma Kewalramani. He also said only two other companies on the S&P 500 index SPX have both an Asian CEO and CFO, but only one of them has a woman in either position: Enphase Inc. ENPH , with Mandy Yang as CFO and an Asian man, Badri Kothandaraman, as CEO. Waters Corp.
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