AMD’s Chief Accounting Officer Departs Amid Critical Growth Phase

Advanced Micro Devices Inc. (AMD) is undergoing a significant transition in its financial leadership as Philip Carter, the company’s Chief Accounting Officer, has resigned from his position. His departure, which took effect on September 5th, was formally disclosed in a regulatory filing dated August 22nd. Carter is leaving to pursue a Chief Financial Officer opportunity at another organization.

The company emphasized that his exit was not the result of any disagreement or dispute concerning AMD’s accounting principles, financial statement disclosures, or operational practices. Instead, the move is characterized as a strategic career advancement for the executive.

To ensure continuity, AMD CFO Jean Hu will assume the responsibilities of the Chief Accounting Officer on an interim basis. The chipmaker has initiated a formal search to... Read more...