Date: 04-15-2008
Phillip Hester, CTO and senior vice-president of Advanced Micro Devices (AMD), has resigned from the company, making him the third CEO to leave office in less than a year. “He’s pursuing other opportunities,” a company spokesman said of Hester. “He has not disclosed his future plans.” Furthermore, the company has announced that it will not replace Hester and that his responsibilities will be shouldered equally by the five CTOs of the other units of the company. The company also said that the resignation was not related to the layoffs which were announced recently. Hester had been in charge of a broad set of design initiatives collectively codenamed “Fusion,” which included the integration of a CPU and GPU on a single silicon base. AMD, which lagged behind Intel in chip development in 2007, has reported five consecutive quarterly losses and a colossal 63% slide in stock last year.
