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
- 'Tetris' movie becomes a trilogy, we don't know why
- Twitter hires ex-Apple UI designer to lead its VR and AR division
- 4K UltraHD Blu-ray disc sales off to a roaring start
- Microsoft has made over 1 million Xbox One Elite Controllers
- WB delays Batman: Return to Arkham, devs need more time to polish
- USB speed differences between various motherboards and BIOSses
- Need help with pre-built/used GA-X58A-UD3R Rev 2.0 System
- AsRock Z87 extreme 6
- GIGABYTE X99-Phoenix SLI (Intel X99) Motherboard Review
- Deleted driver software
- Be Quiet! announces the Dark Base 900 case
- Western Digital launches world's fastest 256GB microSD Card
- MSI readies B150M Mortar Arctic & B150M Bazooka Plus motherboards
- ADATA launches the Premier SP550 M.2 2280 SATA 6Gb/s SSD
- Mangstor's NX-Series storage arrays accelerate HPC throughput with new burst buffer capabilities