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AMD's Rick Hegberg  (Source: AMD)
AMD loses another executive

In late August, DailyTech reported that Henri Richard would leave his position as executive vice president and chief sales and marketing officer for AMD on September 8. Richard had been with the company since 2002 and saw the Sunnyvale, CA-based company go through good times (Opteron successes) and bad times (post ATI acquisition difficulties).

Today, The Wall Street Journal is reporting that another AMD executive is jumping ship. Rick Hegberg, AMD's VP of worldwide sales, is leaving the company although a company representative declined to indicate when the resignation would take place or his prospects afterwards.

Hegberg was a former ATI employee and came to AMD after the 2006 acquisition. Hegberg is also the second former ATI executive to leave AMD -- former ATI CEO Dave Orton left in July.

It's interesting that three key executives are abandoning the company prior to the release of Barcelona. AMD's native quad-core processor family is just around the corner and the company has already announced pricing for the new chips.

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RE: Normal departure after merger?
By BitJunkie on 9/5/2007 1:01:10 PM , Rating: 2
Or they reached the end of thier tie-in period following the acquisition and are now free to leave?

Most buyouts that I've seen make some provision to tie management and key staff to a slot for a period - if they leave prior to that, they can pass up on a large chunk of cash / share options.

Of course, they could just be sacking the guys who screwed channel partners in order to keep Mr Dell happy.

RE: Normal departure after merger?
By deeznuts on 9/5/2007 1:33:09 PM , Rating: 3
Yes but if so, for public companies, these arrangements/reasons are announced so the appearance of rats jumping ship aren't conjured up.

By BitJunkie on 9/6/2007 4:47:41 AM , Rating: 2
Are they? At least in the UK there's no legislation that says one MUST make such announcements. So then consider which scenario looks better:

1) Exec jumps given the first opportunity at the end of his tie-in with company.

2) Exec in pushed by said company.

Then place both of those scenarios in the context of a company that's trying to improve the perceived credibility of it's management.

If he did leave on his own, then making the announcement means people know he did and the company appears "weak". If they don't make an announcement then there's always the rather helpful speculation that they are cutting dead wood and being ruthlessly efficient business people thus looking stronger and more in control.

I place my money on the last of those options.

"My sex life is pretty good" -- Steve Jobs' random musings during the 2010 D8 conference
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