AMD announced today that CTO Phil Hester has resigned. Apparently, the company does not plan to name a new CTO. Instead, the position will be spread across the five business unit CTOs at the division level.
Hester’s departure comes on the heels of a 1,600-person workforce reduction and 15 percent quarter-over-quarter revenue decline. He is the third senior level exec to leave the company within the last year.
InformationWeek has the story here.