AMD CEO Dirk Meyer abruptly stepped down on Monday. In a public statement, AMD called it a “resignation” that was “effective immediately,” which makes it look more like a firing. The company appointed CFO Thomas Seifert as interim CEO. Meyer, who became CEO in 2008, has lead the company through some dark times, bringing its share price from $2 to $9 on his watch. However, AMD’s official line is that its directors believed Meyer was not the right person to take the company to its next level.
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On the Heels of Success, AMD Boots Out Its CEO
Posted by: Rob Spiegel January 11, 2011 12:08 PMAMD CEO Dirk Meyer abruptly stepped down on Monday. In a public statement, AMD called it a “resignation” that was “effective immediately,” which makes it look more like a firing. The company appointed CFO Thomas Seifert as interim CEO. Meyer, who became CEO in 2008, has lead the company through some dark times, bringing its share price from $2 to $9 on his watch. However, AMD’s official line is that its directors believed Meyer was not the right person to take the company to its next level.