Tuesday, January 11, 2011

Breaking: AMD CEO Dirk Meyer resigns

AMD CEO, president and director Dirk Meyer has resigned, effective immediately. Senior Vice President and CFO Thomas Seifert has been appointed as interim CEO.

Reading between the lines of the press release, I feel that Meyer might have been pushed, or his jump from the company mutual at the very least.

AMD is now looking for a CEO that will oversee “significant growth, establish market leadership and generate superior financial returns” rather than just see AMD “stabilized.”

"Dirks resignation, it's either really personal or really bad. let's hope it's really personal & 4 the best, he's a good man" - Rahul Sood (founder of VoodooPC and now GM of System Experience at Microsoft commented on Twitter.

The Wall Street Journal had this to say:
"Advanced Micro Devices Inc.'s board was concerned for nearly a year that Chief Executive Dirk Meyer wasn't doing enough to get the chip maker into markets for newer mobile devices, according to people familiar with the matter." 

Read the official AMD press release here

via ZDNet

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