AMD COO Bob Rivet Stepping Down

Advanced Micro Devices, Inc. (NYSE:AMD) chief operating officer Bob Rivet is stepping down from the company. This is one month after CEO Dirk Meyer stepped down. Rivet joined AMD in 2000 as CFO. Rivet will be pursuing other opportunities. AMD SVP of corporate strategy Marty Seyer is also stepping down for similar reasons. Meyer resigned last month because of a disagreement with AMD’s board of directors. AMD CFO Thomas Seifert is acting CEO while the board is looking for Meyer’s replacement. [InformationWeek]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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