by Anton Shilov
04/21/2011 | 11:41 PM
Advanced Micro Devices said that the search for its new chief executive officer continues and claims that there is interest from various candidates. However, the company did not outline whether it will assign its new CEO by the end of the second quarter.
"I would like to make a brief comment on the state of the CEO search at AMD. The board of directors is very happy with the interest we have received and is actively interviewing candidates. We are pleased with our progress to date," said Thomas Seifert, chief financial officer at AMD and the interim chief executive officer, during a recent conference call with financial analysts.
Dirk Meyer resigned from AMD in early January. It is widely believed that the board of directors was not satisfied with the company's plans in regards of mobile devices, such as tablets. Thomas Seifert, originally chief financial officer of the chip designer, acts as interim CEO.
At present it is completely unclear who may be AMD's next chief executive. Many believe that AMD's current executives, such as Rick Bergman, who joined AMD after the acquisition of ATI Technologies and helped to revive the company's graphics business, may become AMD's next leader. Another names include Pat Gelsinger from EMC Corp. James Lederer from Qualcomm and many others. The good news is that, according to AMD, it has a pool of people to choose from.
Given the fact that several executives who worked in various server-related divisions at AMD also resigned following Mr. Meyer, it is unlikely that the new CEO will come from the server industry. On the other hand, AMD's short-term success will not be determined by tablets or other emerging devices, but by the company's ability to correctly position its accelerated processing units (APUs), central processing units (CPUs) and graphics processing units against competing chips from Intel Corp. and Nvidia Corp.