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View Full Version : AMD's stock price plummets amidst CFO resignation


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09-17-12, 07:30 PM
Just weeks after AMD revealed (http://arstechnica.com/gadgets/2012/08/amds-newest-cpus-are-still-compensating-for-bulldozers-failings/) its plans for its next CPU refresh, Steamroller, the company has taken a significant financial hit. It comes on¬*Monday (http://www.amd.com/us/press-releases/Pages/amd-announces-2012sept17.aspx), in the aftermath the imminent departure of AMD's chief financial officer, Thomas Seifert.

‚??Seifert‚??s departure is not based on any disagreement over the company‚??s accounting principles or practices, or financial statement disclosures,‚?? AMD said in the statement.

Seifert will leave the company on September 28 after three years of service. He had been viewed as a bulwark against the company‚??s many struggles in recent years.

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