AMD CTO resigns
By Suzanne Deffree, Managing Editor, News -- 4/11/2008
Advanced Micro Devices Inc CTO Phil Hester has resigned, according to reports.
The resignation comes as AMD faces several challenges: In addition to delaying its Barcelona launch on design glitches in 2007, putting it months behind competitor Intel’s launch of quad-core sever processors and dragging its technology behind Intel’s in terms of chip performance, the company continues to struggle to reach profitability. As such, AMD announced a 10% workforce reduction earlier this week as it projected a 15% sequential decline in Q1 revenue.
According to reports, Hester’s decision to exit AMD was not due to the layoffs. The company will not replace him; instead, the company is planning to rely on each business units’ chief technology officers, reports further state.
Hester (pictured) joined AMD in 2005 after spending more than 20 years at IBM, where he held several executive positions including CTO of the PC division and VP of the RS/6000 hardware-development group.
AMD could not be reached for immediate comment by Electronic News. The company has already removed links to Hester’s profile from its Web site.
© 2009, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.
