Thursday, October 8, 2009

AMD Appoints Thomas Seifert CFO - Update

Chip maker Advanced Micro Devices, Inc. (AMD: NEWS) on Thursday announced the appointment of Thomas Seifert as senior vice president and chief financial officer. Seifert succeeds Robert Rivet, who was previously promoted to chief operations and administrative officer. Seifert will report to Dirk Meyer, AMD's president and chief executive officer, and would be responsible for leading the company's financial operations.
In a statement, Meyer said, "Thomas is a talented industry veteran with a wealth of knowledge and experience managing the operations and finances of companies in the most difficult and competitive sectors of the semiconductor industry. This knowledge and experience will enable him to further strengthen AMD's financial foundation and help accelerate our transformation into a product design and marketing leader."

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