AMD today announced that Thomas Seifert informed the company of his decision to resign as senior vice president and chief financial officer to pursue other opportunities. Devinder Kumar, senior vice president and corporate controller, will serve as interim chief financial officer while a search commences for Mr. Seifert's replacement. Kumar has served as the Company's corporate controller since 2001. Seifert's departure is not based on any disagreement over the company's accounting principles or practices, or financial statement disclosures.
"We thank Thomas for his many contributions to AMD and for serving as interim CEO in 2011," said Rory Read, AMD president and CEO. "Thomas' personal commitment to the highest standards of accountability and financial integrity has helped define how AMD does business today. Devinder is an experienced financial executive whose financial expertise and semiconductor experience developed during his 28 year tenure at AMD is an asset to the company."
Mr. Seifert will remain with the company until September 28, 2012 to assist with the transition to the interim CFO.
Latest News Posts
- AP: IRS believes tax data thieves came from Russia
- Embrace the virtual world to help fight air sickness while traveling
- Don't worry, mobile isn't killing desktop Internet after all
- Google makes Android 6.0 'M' official, arrives in Q3 2015
- GoPro unveils its 360-degree VR system, powered by six cameras
- Thermalright True Spirit 140 BW Rev.A CPU Cooler Review
- 970 Extreme 4 - Load Line Calibration, Does not work properly.
- Q flesh Error Incorrect file size Motherboard B85M- D3H
- Mobo Software Question (SB X-Fi 7)
- Hounds Online: The Last Hope Released
- ADATA Teases its Computex 2015 Unveiling
- Logic Supply Previews its Upcoming ML600 Series Fanless PC
- Introducing the The NanoXia Project
- WD Redesigns World's No. 1 Selling Portable Hard Drive
- QNAP Unveils Quiet and Stylish Vertical NAS TS-453mini