AMD Announces New CFO Devinder Kumar, Reporting to Rory Read

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News Posted: Thu, Jan 3 2013 9:35 AM
Advanced Micro Devices (AMD) has a new Senior Vice President and Chief Financial Officer (CFO), and his name is Devinder Kumar, the Sunnyvale chip designer announced this week. The 57-year-old executive will report directly to AMD President and Chief Executive Officer (CEO), Rory Read.

"Devinder has been with AMD for more than 28 years and is a talented finance veteran with deep industry knowledge," said Read. “As we accelerate our strategic growth initiatives, Devinder will play an integral role driving the new business model in the near term and strengthening AMD’s long-term financial foundation."

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The newly appointed CFO joined AMD in 1984 as a financial analyst and served a 10-year stint in Asia as a financial controller. Starting in 1998, Kumar ascended the ranks to several corporate roles, including Corporate Controller, Assistant Treasurer, Treasurer, and most recently, Senior Vice President and interim CFO.

Kumar replaces Thomas Seifert, who left AMD in September to "pursue other opportunities." He has a bachelor's degree in ecology from the University of Malaya, Malaysia, a master's degree in biology from the University of California, Santa Barbara, and an MBA in finance from the University of California, Los Angeles.
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Zelda_FTW replied on Thu, Jan 3 2013 10:36 AM

Will this FINALLY get AMD into gear and fix the terrible flop that was Bulldozer and Piledriver?

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Dorkstar replied on Thu, Jan 3 2013 11:36 AM

I'm happy to see a company promoting from within.  This guy was a true trooper, who has stuck it out through all the highs and lows.  Hopefully he still has a little dirt under his fingernails.

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CDeeter replied on Thu, Jan 3 2013 4:37 PM

Couldn't have said it better Dorkstar. Anyone who has stuck around this long and weathered the storm, has to be someone who has a vested interest in AMD doing well. I hope this is the start of AMD's turn around, and 2013 will see them become more competitive.

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