AMD CEO Dirk Meyer Resigns

Thomas Seifert, Senior VP and CFO, to replace Meyer as interim CEO

Dirk Meyer, CEO and president of AMD, has resigned effectively immediately. AMD's Board of Directors has announced that Senior Vice President and CFO Thomas Seifert will replace him as interim CEO. According to a press release issued by AMD, A CEO Search Committee has been formed to begin the search for a new CEO. The Committee is led by Bruce Claflin, Chairman of AMD's Board of Directors, who has been named Executive Chairman of the Board as he assumes additional oversight responsibilities during the transition period. Seifert will maintain his current responsibilities as CFO and has asked not to be considered for the permanent CEO position.

The announcement comes as a complete surprise: there were no rumblings of major changes in upper management on the rumor mill, and no knowledge of personal or medical issues that would cause Meyer to suddenly resign. Neither AMD nor Meyer have given a reason for the sudden departure. The resignation comes on the heels of the successful launch of AMD's first Fusion processors for netbooks and ultraportable laptops. AMD's stock has started to fall in after-hours trading, following the announcement.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesAMDpersonnelcpuTech industryAdvanced Micro Devices

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Jason Cross

Jason Cross

PC World (US online)
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?