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Dirk Meyer Resigns From AMD

Dirk Meyer Resigns From AMD

Dirk Meyer is no longer AMD's chief executive officer, after resigning late yesterday.

AMD's chief executive officer Dirk Meyer resigned yesterday, after fifteen years at the company - apparently at the request of the company's board of directors.

In a statement, Bruce Claflin, chairman of AMD's board of directors, stated that 'the Board believes we have the opportunity to create increased shareholder value over time. This will require the company to have significant growth, establish market leadership and generate superior financial returns. We believe a change in leadership at this time will accelerate the company’s ability to accomplish these objectives.'

The resignation of Meyer comes at a time when AMD is forging ahead with its Fusion range of Accelerated Processor Units (APUs), but also at a time when its finances aren't in great shape.

With rival chipmaker Intel boasting record revenues in the year just gone, it's clear that Meyer is taking the fall for his company's poor performance over the last year.

In a statement, Meyer said that 'my 15 years at AMD have included some amazing high points. I wish the company well as AMD focuses successfully on the road ahead.'

Despite the obvious signs of a loss of directorial confidence, Claflin described Meyer's time as CEO in glowing terms, stating that 'Dirk became CEO during difficult times. He successfully stabilised AMD while simultaneously concluding strategic initiatives including the launch of GlobalFoundries, the successful settlement of our litigation with Intel and delivering Fusion APUs to the market.'

Chief financial officer Thomas Seifert will take over as interim chief executive while the board of directors searches for a permanent replacement.

Was AMD's board right to push out Meyer, or is it unfairly using him as a scapegoat while attempting to increase shareholder confidence in the company? Share your thoughts over in the forums.

20 Comments

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Lenderz 11th January 2011, 16:52 Quote
It'll be interesting to see who fills this position, Dirk presided over some of the best and worst times at AMD.
Phalanx 11th January 2011, 16:53 Quote
What they mean is "Oh crap, Intel are creaming us. Time to find a scapegoat!", rather than say "Hey, we're not doing so well. Maybe we should, you know, develop something better?"
[USRF]Obiwan 11th January 2011, 17:03 Quote
He put AMD back on the road again.
javaman 11th January 2011, 17:09 Quote
I don't think its anything to do with scapegoat or lack of strategy. Dirk put everything into the company and really turned it round. I bet its more down to hes the only member of the boardroom that wouldn't sell up in a take over bid. A few years ago I heard rumors (from an unreliable source mind) that the people they spun GloFlo off to where looking at a possible takeover. Why sack your savior? (wellok, the Jews did crucify theirs)
Krayzie_B.o.n.e. 11th January 2011, 17:11 Quote
Global Foundries and Buying ATi were a great move, AMD has made great strides in the laptop market and mobile gaming. I think bringing in someone who is MORE aggressive in the Marketing and Requisitioning of market share is what AMD needs now......and a Product that can really compete with Intel would help as well.

AMD should be even more dominate and the favorite among Hardware manufactures because of AMD' cheaper prices but Intel still holds a large margin in this department and I feel this is why the OLD blood had to go. 15 years is good enough, AMD is looking to finally make an upgrade.
Zurechial 11th January 2011, 17:30 Quote
I just hope this isn't indicative of any serious internal turmoil at AMD.
With Intel and nVidia teaming up ( http://arstechnica.com/business/news/2011/01/intelnvidia-bombshell-look-for-nvidia-gpu-on-intel-processor-die.ars ) AMD is really going to need to stay strong over the next few years to survive.

I can't wait for the day when an AMD CPU is really competitive with Intel on more than just price. I want to see an AMD answer to Sandy Bridge that really shakes things up and gets us making comparisons at the high end instead of just relegating AMD to the budget-conscious choice.
I suspect that's more of an R&D thing than something that the CEO of the company would have a huge impact on, but maybe Meyer's replacement could inspire that.
Wishful thinking, maybe.
thetrashcanman 11th January 2011, 18:08 Quote
OMG, does this mean AMD will eventually and hopefully be competing with intel in the high end cpu market? rather than aiming to almost focus soley on the lower end netbook's, laptop's and desktops. Oh my I hope so!
Cthippo 11th January 2011, 18:28 Quote
Quote:
the Board believes we have the opportunity to create increased shareholder value over time. This will require the company to have significant growth, establish market leadership and generate superior financial returns. We believe a change in leadership at this time will accelerate the company’s ability to accomplish these objectives.

What a bunch of marketing
j_jay4 11th January 2011, 18:36 Quote
Translated: "We want to make more money for shareholders, we therefore need to make more money. Getting a new leader will do this"
frontline 11th January 2011, 19:12 Quote
Probably worried that they can't afford to pay his full pension if he had stuck around for a few more years.

Maybe paying the price for the lateness of Bulldozer? Will be a shame if AMD turns the corner in 2011 and Dirk M gets no recognition for it though.
schmidtbag 11th January 2011, 19:17 Quote
one of amd's greatest mistakes since the very beginning was a lack of advertisement. i don't ever remember seeing a commercial advertising amd. intel however, not only made a good amount of commercials every year but they have GOOD ones too. even on the internet, i see more commercials advertising products with amd chips in it than commercials from amd themselves.

this mistake is so vast that there are people i know with an amd cpu in their own computer that even has the amd logo on it and they claim they never heard of the company.
THAT is where you know marketing fails.

i'm an amd fan and i hope they succeed but they don't get themselves known like intel.
Locknload 11th January 2011, 19:54 Quote
Does this guy look like Jim Carrey or what?
Bad dice Dirk.
general22 11th January 2011, 20:22 Quote
Quote:
Originally Posted by javaman
I bet its more down to hes the only member of the boardroom that wouldn't sell up in a take over bid.

I think you might be right. Why else would they push out a CEO that returned them to profitability after the troubles AMD was in a few years ago. Either something has gone terribly wrong within AMD or a buyout is in sight.
Landy_Ed 11th January 2011, 21:36 Quote
You only have to look back to october for the buyout.
But Dave Haynie never made it to CEO of Commodore, did he? Perhaps if Dirk had stayed in tech leadership the Athlon II might have made the same kind of waves the original Athlon did. I suspect he's made his money and is happy to move on - lets just see where he ends up - ARM maybe? ;)
Fat Tony 11th January 2011, 22:09 Quote
Didn't he do Civilization ?
stonedsurd 11th January 2011, 22:34 Quote
Quote:
Originally Posted by Fat Tony
Didn't he do Civilization ?

Sid Meier's the one you're looking for.
SMIFFYDUDE 12th January 2011, 01:12 Quote
Quote:
Originally Posted by stonedsurd
Quote:
Originally Posted by Fat Tony
Didn't he do Civilization ?

Sid Meier's the one you're looking for.

Yeah, this guy here made soft porn movies. ;P
mattbailey 12th January 2011, 10:36 Quote
Quote:
Originally Posted by [USRF
Obiwan]He put AMD back on the road again.

And then drove them off it again!
Snips 12th January 2011, 10:55 Quote
Over the last 5 years AMD have lagged badly against it's competition while it has come out with some pretty boastful comments that didn't come to fruition. We know all the PR departments talk bollocks but these guys just took the biscuit. They also had a full year headstart with DX11 but then as soon as the competition turned up, they just stumbled.

They have nothing of any value to bring to the table as things stand today, in either CPU, GPU or combined. Unless you are a die hard fan of AMD, why would you buy their products today?


New Blood is needed to lead this company. This could be the best move the board have made in the last 15 years!
kzinti1 12th January 2011, 18:05 Quote
I hate seeing anyone take the fall for something not directly under their control. Mr. Meyer will have no trouble getting another job.
Now, AMD. Isn't it about time that you said to hell with cheap cpu's and started making some that can actually compete with Intel? It isn't exactly like people will stop using computers if they can no longer buy the cheapest cpu's, in terms of price and performance. If it's actually good it'll be bought, regardless of price, as long as you don't try to sell higher than Intel. I don't think you have the brain-pool to outdo them though. Better qualified designers and technical personnel demand higher wages but are completely necessary to compete and will keep you from ultimately going even further down the tubes. You have to spend money to make money. If you want the best cpu's then people will also have to pay. Or buy themselves a sliderule and use smoke signals to ask each other "Can you play Crysis on yours?"
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