AMD Gains a CFO, but Loses a Chip Engineer to Samsung
AMD's management changes continue, with longtime company veteran Devinder Kumar replacing Thomas Seifert in the top financial management job.Advanced Micro Devices continues to see change in its executive ranks, naming a permanent chief financial officer just weeks after a vice president and top design engineer left the company to become a vice president with rival Samsung Electronics. AMD announced Jan. 2 that Devinder Kumar, a 28-year veteran with the chip maker who had served as interim CFO since Thomas Seifert's departure in September 2012, is now the permanent CFO and a senior vice president. Kumar's appointment came a week after reports began circulating that Michael Goddard, a corporate vice president and chief engineer, had jumped ship to take a similar job with Samsung at its offices in Austin, Texas. The moves are only the latest changes AMD has seen in leadership since Rory Read was hired in August 2011 to replace Dirk Meyer as CEO. Since then, the chip vendor has seen significant turnover in its executive ranks, both through efforts by Read to reshape the management team and via other executives opting for new jobs with other companies. The comings and goings have hit AMD at most levels of management, with some of those leaving having had long tenures with AMD, such as Rick Bergman, who had been at AMD since 2006 after the chip maker bought graphics technology maker ATI. Bergman is now president and CEO of Synaptics, which makes interface technologies. More recently, AMD in July 2012 lost John Bruno, a chip engineer and systems architect who left for a job with Apple, and in September lost, Chris Cloran, general manager in charge of AMD's client products.
Coming in are Lisa Su, a former IBM executive who is senior vice president and general manager of AMD's global business units; CTO Mark Papermaster, who once was with IBM and Apple; and Suresh Gopalakrishnan (formerly of Extreme Networks) as corporate vice president and general manager of AMD's server business. And soon after losing Bruno, AMD took on Apple processor expert Jim Keller and later hired John Gustafson from rival Intel to head up its Graphics Business Unit, which includes the Radeon and FirePro product lines.