AMD Offered CEO Job to Execs from Apple, Carlyle, EMC, Oracle - Report

The Search for the New CEO Continues as AMD's CEO Proposal Gets Turned Down by Execs

by Anton Shilov
06/15/2011 | 05:16 PM

Advanced Micro Devices has interviewed a number of the most respected executives in the high-tech industry in a bid to find itself a new chief executive officer. So far the company has not find itself a new leader, but some expect that this would happen in a month time or so.

 

Among the others, AMD approached Tim Cook (chief operating officer of Apple), Patrick Gelsinger (chief operating officer of EMC, ex-Intel CTO), Mark Hurd (co-president of Oracle, ex-HP CEO) and Greg Summe (managing director of Carlyle Group). According to Bloomberg news-agency, all of the aforementioned spurned AMD proposal in favour of their current positions.

Even though such talks are confidential and are never disclosed, it is unclear why AMD decided to offer the job to executives, who have all chances to become chief executive officers of the companies much larger than AMD is.

“The search is obviously a priority and the board is moving the process forward to ensure that we select a person with the right vision, experience and track record to lead AMD into the future and to create increased shareholder value over time,” said Drew Prairie, a spokesman for AMD.

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.

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.