AMD's Chief Financial Officer calls it quits


by Cyril Kowaliski — 4:37 PM on September 17, 2012

Yet another top executive is leaving AMD. This latest departure has mildly tragicomic undertones, because the man calling it quits is none other than Thomas Seifert, AMD's Chief Financial Officer.

According to the official announcement that hit the wire this afternoon, Seifert is leaving to "pursue other opportunities." That's about the only background information available right now, unless you count this entirely uninformative statement by AMD CEO Rory Read:

"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."

Charlie Demerjian over at SemiAccurate speculates that this was a "planned transition" but adds that "the full story is not out yet."

Seifert is scheduled to stay on until September 28, at which point AMD Senior VP and Corporate Controller Devinder Kumar will take over as interim CFO. AMD says Kumar will take over as the "search commences" for a new, permanent CFO.

   
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