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
- Details how Pakistan arrested one of the most wanted cybercriminals
- Survey: 30% of companies would pay ransom to cybercriminals
- Google removes 200 ad-injecting Chrome extensions that had malware
- Apple's new MacBook has performance of the MacBook Air from 2011
- GIGABYTE passes ASUS, becomes the leading motherboard vendor
- Patriot BeatStreet Bluetooth Speaker and Clock Review
- Asrock H97 Pro 4 Fan Headers
- SanDisk Ultra Dual Drive 3.0 32GB OTG for Android Flash Drive Review
- E2200 Killer Ethernet driver for Linux with Wakeup-On-Lan WOL
- SanDisk iXpand Flash Drive Review - Add Storage to your iOS Device
- Xilence Announces 402 C-Series CPU Coolers
- BIOSTAR reveals Hi-Fi B85Z5 Motherboard
- Acer Debuts the 15.6-Inch C910 Chromebook
- Antec Announces the VSP-5000 Case with Sound-Dampening
- MSI Launches New mini-PC - Cubi