Tuesday, January 11, 2011

AMD's CEO sudden resignation!

Advanced Micro Devices Inc. announced yesterday that Dirk Meyer, 49, president, CEO and a director of the company, has resigned with immediate effect. AMD's Board of Directors has appointed Senior Vice President and Thomas Seifert, 47, as interim CEO but will still maintain his current responsibilities as CFO. He has also asked not to be considered a permanent CEO but will hold the responsibilities until the Board finds a suitable replacement.
 
Meyer became AMD's CEO in 2008 and credited for reducing the company's debts and stemming losses. His most recent highlight is the acquisition of ATI Technologies Inc. and the introduction of the Fusion processor.

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