The executive exodus continues at AMD. On the heels of yesterday's news about AMD CFO Thomas Seifert throwing in the towel, the Wall Street Journal now reports that Chris Cloran, the man in charge of AMD's client products, is also leaving the chipmaker.
According to an AMD press release issued in June, Cloran was Corporate VP and General Manager of AMD's Client Business Unit. The Journal adds that Cloran "oversaw chips used in products such as personal computers." Pat Moorhead, a former AMD executive turned industry analysts, also told the paper that Cloran was responsible for operations that made up "about 80% of AMD's revenue."
AMD has confirmed Cloran's departure, and it says Lisa Su will take on his duties as interim Client Division chief. Su hasn't been with the company for long. She joined the company last December as Senior VP and General Manager of AMD's Global Business units, replacing AMD and ATI veteran Rick Bergman, who resigned a few months prior.
On a related note, the Journal has managed to find out more details about Thomas Seifert's departure. It quotes a "person familiar with the situation" as saying Seifert "enjoyed running AMD and now plans to try for a CEO position at another company." Seifert served as AMD's interim CEO between the ousting of former CEO Dirk Meyer in January 2011 and the appointment of Rory Read to the position in August 2011.
AMD, meanwhile, stresses that Seifert's resignation is "not based on any disagreement over the company's accounting principles or practices, or financial-statement disclosures."
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