Long­time AMD chief le­gal of­fi­cer to re­tire at year’s end

Austin American-Statesman - - BUSINESS BRIEFING - Com­piled from staff re­ports

Thomas McCoy, the Ad­vanced Mi­cro De­vices Inc. ex­ec­u­tive who steered the com­pany’s suc­cess­ful long-run- ning le­gal fight with In­tel Corp., is re­tir­ing from the chip­maker as of Dec. 31.

McCoy, as AMD’s ex­ec­u­tive vice pres­i­dent and chief le­gal of­fi­cer, guided the com­pany in its spinoff of its chip man­u­fac­tur­ing op­er­a­tions in March of last year and in the le­gal fight that led to win­ning a $1.3 bil­lion an­titrust set­tle­ment with In­tel in Novem­ber. He spent 16 years at AMD.

“Tom was the driv­ing force be­hind AMD’s land­mark an­titrust set­tle­ment with our chief com­peti­tor, an event that will have a last­ing, pos­i­tive im­pact on our in­dus­try,” said CEO Dirk Meyer.

The 59-year-old McCoy will re­ceive a $4 mil­lion per­for­mance bonus as a part of his sep­a­ra­tion agree­ment.

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