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AMD on Monday 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. 

“We thank Thomas for his many contributions to AMD and for serving as interim CEO in 2011. 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,” said Rory Read, AMD president and CEO.  

Divinder Kumar has served as the company’s corporate controller since 2001. Mr. Seifert’s departure is claimed not to be based on any disagreement over the company’s accounting principles or practices, or financial statement disclosures.

Mr. Seifert will remain with the company until September 28, 2012 to assist with the transition to the interim CFO.

Tags: AMD, Business

Discussion

Comments currently: 13
Discussion started: 09/17/12 08:05:35 PM
Latest comment: 09/18/12 07:25:56 PM

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1. 
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1 4 [Posted by: Azazel  | Date: 09/17/12 08:35:26 PM]
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2. 
This has been in the planning for some time. Seifert wants a CEO position and that's not available at AMD for several years at least.
4 4 [Posted by: beenthere  | Date: 09/18/12 08:02:02 AM]
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3. 
Funny how you always mention when AMD loses an employee, but never mentions when Intel or NVIDIA does.
3 2 [Posted by: mmstick  | Date: 09/18/12 07:19:09 PM]
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