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AMD CFO Thomas Seifert Resigns

By - Source: AMD | B 37 comments

Thomas Seifert is the latest and last C-level executive of the "old" AMD of the Dirk Meyer and Hector Ruiz era to leave the processor manufacturer.

Thomas Seifert is the latest and last C-level executive of the "old" AMD of the Dirk Meyer and Hector Ruiz era to leave the processor manufacturer. According to a press release, the departure happened unexpected and voluntarily.

Seifert will stay with the company until September 28. Devinder Kumar, senior vice president and corporate controller, has been appointed interim chief financial officer. He joined AMD 28 years ago.

Seifert's departure is significant as all top-level executives at AMD have been exchanged within less than one year, indicating the dramatic transformation of the company that forced some key leaders out of the company and made it difficult for the new leaders to keep others on board.

CEO Read has pulled several executives he has known from his time at IBM into AMD (CTO Mark Papermaster, SVP Lisa Su, SVP Chekib Akrout). Other new top level executives joined from Shell Oil (SVP Darrell Ford), Dell (CMO Colette LaForce), McKinsey (CSO Rajan Naik), and Nokia (SVP David Tang), which highlights the strong focus on customers. For a processor manufacturer, the representation of low level product design is surprisingly limited - only Su and Papermaster had such exposure and some may argue that there is no balance between technology and business operations representation in AMD's top decision making ranks.

However, given the extent of the restructuring of AMD's executive ranks, Read has to make this new organization work.

 

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  • 24 Hide
    sixdegree , September 18, 2012 1:17 AM
    I wish all the best for AMD and hope they can get back to being competitive with Intel once again. Not with more cores, but with excellent business decisions and technological advancements on their products.
  • 17 Hide
    opmopadop , September 18, 2012 1:27 AM
    Its just the CFO retiring, it's got nothing to do with the short term / long term direction of AMD.
Other Comments
  • 24 Hide
    sixdegree , September 18, 2012 1:17 AM
    I wish all the best for AMD and hope they can get back to being competitive with Intel once again. Not with more cores, but with excellent business decisions and technological advancements on their products.
  • 17 Hide
    opmopadop , September 18, 2012 1:27 AM
    Its just the CFO retiring, it's got nothing to do with the short term / long term direction of AMD.
  • 2 Hide
    rohitbaran , September 18, 2012 1:37 AM
    I hope Read knows what he is doing. If AMD suffers too much loss, it is the end of CPU progress, since Intel will simply stop producing new stuff.
  • 3 Hide
    emperor piehead , September 18, 2012 1:37 AM
    i really hope amd prevails someone needs to take on intel or they will charge what ever they want
  • 2 Hide
    nforce4max , September 18, 2012 1:45 AM
    If AMD makes good with what it has which is what it is doing AMD will still be around for a few more years but there is no one else to compete with Intel.
  • 6 Hide
    proffet , September 18, 2012 1:55 AM
    I wonder what JF-AMD is doing nowadays?
  • 8 Hide
    Pinhedd , September 18, 2012 2:02 AM
    rohitbaranI hope Read knows what he is doing. If AMD suffers too much loss, it is the end of CPU progress, since Intel will simply stop producing new stuff.


    AMD is still profitable, just barely.
  • 12 Hide
    Kami3k , September 18, 2012 2:15 AM
    uglynerdmanShell oil. just like i said and got down voted for. AMD is a saudi royal family interest. They own alot of that company. Its a hit job on amd and its investors. the companies going down for political reasons in my book, the worlds alot more complex than it seems just on the on the processor side. AMD fans boys will cry but AMD is no longer AMD... i have been a fan since the k6! but the company is no longer quality. Its no longer AMD. RIP AMD. Read killed the company.


    You got downvoted for ignorance.
  • 2 Hide
    InvalidError , September 18, 2012 2:42 AM
    rohitbaranI hope Read knows what he is doing. If AMD suffers too much loss, it is the end of CPU progress, since Intel will simply stop producing new stuff.

    Intel will still need to produce new stuff if it wants to continue selling stuff. If they stopped making new CPUs beyond Haswell because AMD disappeared, 3-4 years down the road everyone would have Haswell-based PCs and nothing to upgrade to after that.

    I would be more concerned about prices than progress. Without AMD, we might go back to Netburst-era pricing with the newest CPUs spanning the $200-1000 range, previous-gen stuff spanning the $150-300 range and almost nothing available for cheaper than that. (Well, it probably won't get that bad since the market for entry-level PCs is pretty much saturated and would be directly threatened by non-Wintel devices if Intel pushed their luck too far.)
  • 2 Hide
    rds1220 , September 18, 2012 2:50 AM
    Quote:
    Seifert's departure is significant as all top-level executives at AMD have been exchanged within less than one year, indicating the dramatic transformation of the company that forced some key leaders out of the company and made it difficult for the new leaders to keep others on board.


    Another one bites the dust
    Another one bites the dust
    And another one gone, and another one gone
    Another one bites the dust
    Hey, I'm gonna get you too
  • 5 Hide
    boiler1990 , September 18, 2012 3:00 AM
    AMD's in a difficult spot right now, but hopefully their 'house cleaning' will give some younger individuals with more vision and business expertise a chance to bring AMD back. The worst thing they can do is copy RIM and have executives with old-fashioned mindsets attempt to pilot a company through a whirlwind of entirely new markets.
  • 2 Hide
    jkflipflop98 , September 18, 2012 3:06 AM
    InvalidErrorIntel will still need to produce new stuff if it wants to continue selling stuff. If they stopped making new CPUs beyond Haswell because AMD disappeared, 3-4 years down the road everyone would have Haswell-based PCs and nothing to upgrade to after that.I would be more concerned about prices than progress. Without AMD, we might go back to Netburst-era pricing with the newest CPUs spanning the $200-1000 range, previous-gen stuff spanning the $150-300 range and almost nothing available for cheaper than that. (Well, it probably won't get that bad since the market for entry-level PCs is pretty much saturated and would be directly threatened by non-Wintel devices if Intel pushed their luck too far.)


    Ignorance. If Intel stopped dead in the water with Haswell and started charging $1500 for midrange CPUs, what incentive would the customer have for upgrading and buying new products? None.
  • 3 Hide
    jprahman , September 18, 2012 3:07 AM
    rohitbaranI hope Read knows what he is doing. If AMD suffers too much loss, it is the end of CPU progress, since Intel will simply stop producing new stuff.

    I hear this argument presented all the time, and for a long time I agreed with it, but the more I think about it the more I feel it is flawed. It assumes that Intel is the only processor manufacturer, which is patently false. We have IBM with their Power processors, and the cornucopia of RISC-like designs (ARM, MIPS, etc). While Intel would have a monopoly over x86 (which they invented), those other alternatives are available.

    I can already hear the shouts of "Windows software", but Windows 8 (despite its badness) does support ARM in a limited fashion, and in due course Microsoft can expand that support with future releases. Then consider the server and embedded market, where platform agnostic OSes (Linux, BSD, etc) dominate. Between all of these factors I think the "Intel will dominate the world if AMD fails" argument is overblown.
  • 2 Hide
    jprahman , September 18, 2012 3:10 AM
    Also, the competition in the server and embedded space will spill over into the client PC arena even if other architectures don't fill the gap left by AMD should they fail.
  • -5 Hide
    nebun , September 18, 2012 3:35 AM
    if you still think that AMD is not dying a slow death, then you are a fool
  • 0 Hide
    alextheblue , September 18, 2012 3:58 AM
    jprahmanI can already hear the shouts of "Windows software", but Windows 8 (despite its badness) does support ARM in a limited fashion, and in due course Microsoft can expand that support with future releases.
    Windows NT has always been portable. They've had it running on Alpha, there are released versions on Itanium. More importantly, they have Windows running on ARM and ready for a big release. Not sure what you mean by limited fashion.

    Just because they don't have the desktop on the ARM iteration? The reason they don't have a desktop on RT is because it would divide ARM and x86. Whereas software built for Windows Runtime will be WinRT (ARM) and Win8 (x86) capable. So you'll be able to download software that runs on both, from here on forward. The idea is to gradually phase out x86-only software, for cross-platform support and future proofing. Of course, down the road you could end up with a different architecture and still run x86 software via emulation.
  • 0 Hide
    anxiousinfusion , September 18, 2012 6:57 AM
    This musical chairs game is missing music.
  • 1 Hide
    doive1231 , September 18, 2012 7:33 AM
    What AMD really need is an MVP.
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