AMD CEO Departure Due To Mobile Policy

The departure of AMD’s chief executive Dirk Meyer was partly due to the company’s board disagreeing with his strategy concerning the mobile market, a company source has suggested.

Meyer’s choice to focus on netbooks and not make chips for mobile markets is thought to have been a significant reason behind his exit, an AMD source told Reuters.

The market for smartphones and tablets has boomed recently, and experts predict that the trend will continue.The board is therefore thought to have believed that Meyer was not taking AMD down the path that it wanted to pursue.

Chairman of the board Bruce Claflin said in a press release concerning Meyer’s departure: "... 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.,“ he added.

“We believe a change in leadership at this time will accelerate the company's ability to accomplish these objectives."