Since promoting Bob Rivet to the position of Chief Operations and Administrative Officer, Advanced Micro Devices
Rivet had been pulling double duty ever since AMD began its search for a CFO. Rivet came to AMD in 2000 from the semiconductor division of Motorola
Tom Seifert, the new man for the job, is a former executive at German chip designer Infineon AG and then memory chip maker Qimonda. I don't have anything against Seifert personally, and he certainly has a lot of experience in the semiconductor industry. AMD wouldn't spend a year looking for an executive only to settle for anybody less than solidly qualified for the job. But mention Qimonda and I can't help but be reminded of that company's recent bankruptcy. As an AMD investor, that connection does not make me comfortable. Still, Qimonda's demise was the result of a brutal price war between memory titans like Samsung, SanDisk
AMD's entire business model looks radically different than it has in recent years, during which Intel
Did AMD upgrade or downgrade its management team today? Does Seifert’s experience trump his association with Qimonda's descent into bankruptcy? I'm dying to know what you think, and the comments box below is waiting for you.
Fool contributor Anders Bylund owns shares in AMD, but he holds no other position in any of the companies discussed here. Intel is a Motley Fool Inside Value pick. Try any of our Foolish newsletters today, free for 30 days. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.