AMD CEO Meyer suddenly resigns

AMD logoAMD revealed a surprise upheaval at the company Monday afternoon as it said its CEO Dirk Meyer had resigned. The unexpected move was characterized as a "mutual agreement" but will see Meyer quit immediately. Chief Financial Officer Thomas Seifert will step in as temporary CEO but won't be a candidate for a permanent replacement.

The chip designer was complimentary to Meyer in the exit and credited him with turning around the company after struggling to regain the lead over Intel. He helped orchestrate the spin-off of AMD's chip manufacturing as Globalfoundries, landed a $1.25 billion settlement from Intel over anti-competitive behavior and helped bring the company back to relevance with its just-launched Fusion chips, which can outperform Intel's CULV chips.

Dirk Meyer

The departure while mutual has raised concerns that Meyer may have been involved in a rift with the company, since most amicable departures often have a grace period where the outgoing executive stays until a proper replacement is ready. It draws immediate parallels between AMD and the forcet ouster of HP's CEO Mark Hurd, where he too left suddenly after he was caught not only in possible involvement with a contractor but leaking deals and manipulating expenses to hide his possibly sexually-motivated visits.

Officials from the company haven't provided further explanation so far.

AMD still faces significant obstacles, such as its lagging performance in mainstream desktop and notebook chips and stiff competition with NVIDIA in graphics.

Source: Electronista

Tags: AMD

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Pokemon GO had the potential to net $1 billion a year
The report said that Hon Hai has invested about US$600 million in India
Market research firm IDC reports that in the third quarter of this year
Customers will only have to shell out 50% of the cost of their Galaxy S7 device
New flagship will launch in 2017
Patent hints at name of the upcoming Surface AIO
IBM, Globalfoundries and Samsung have chosen to use extreme ultraviolet (EUV) light to pattern transistors
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments