AMD http://www.amd.com today announced the appointment of Thomas Seifert, an ex-Qimonda executive, as its new senior VP and CFO.

Seifert will report to AMD President and CEO Dirk Meyer. Seifert succeeds Robert Rivet, who was previously promoted to chief operations and administrative officer.

"Thomas is a talented industry veteran with a wealth of knowledge and experience managing the operations and finances of companies in the most difficult and competitive sectors of the semiconductor industry," said Meyer in a statement. "This knowledge and experience will enable him to further strengthen AMD's financial foundation and help accelerate our transformation into a product design and marketing leader."

Previously at Qimonda, Seifert was a member of the management board, as well as COO and CFO. Seifert's experience also includes time as senior VP and general manager of the wireline business group at Infineon AG, Qimonda's parent company.

Seifert's appointment comes after AMD in late September announced the addition of Craig Conway to the company's board. Conway has 30 years of technology industry experience, most recently serving as president and CEO of PeopleSoft from 1999 to 2004.

Seifert's appointment also comes just before AMD is set to report on its Q3, for which the company has guided a slight increase on Q2's $1.184 billion in revenue http://www.edn.com/article/CA6672571.html.

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