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
- Tekken 7 mobile game to feature microtransactions galore
- Bitcoin reaches record high pricing of $4500
- Ethereum difficulty squeezing out the small miners
- Destiny 2's day one update already confirmed
- Quake Champions frags itself into Early Access on Aug 22
- Aerocool Project 7 P7-C1 Pro Mid-Tower Chassis Review
- ASUS ROG Rapture GT-AC5300 Wireless Gaming Router Review
- corsair vengeance lpx 16gb ddr4-2400 problem on asus x370 pro motherboard
- Synology DS1817 8-Bay NAS (Tested at 10Gbps) Review
- ASRock X399 Taichi Threadripper TR4 Motherboard Review
- Optimize system performance with new drive adapter
- Lian Li reveals new PC-Q39 tempered glass Mini-ITX tower
- Longsys' world-first 11.5x13mm NVMe BGA SSD drives new mobile user experience
- Thermaltake attends NVIDIA Gamer Connect
- ASRock introduces the X10 IoT router for smart homes