AMD Announces Resignation of Chief Accounting Officer

Advanced Micro Devices (AMD) announced the resignation of Chief Accounting Officer Philip Carter, effective September 5, 2025. Carter is leaving to become CFO at another company, with no disputes affecting his departure. Jean Hu, AMD's Executive Vice President and CFO, will temporarily take over as Chief Accounting Officer while the company searches for a permanent replacement.

Advanced Micro Devices (AMD) has announced that Chief Accounting Officer Philip Carter will be leaving the company to take on the role of Chief Financial Officer at Skyworks Solutions, effective September 5, 2025. Carter, who had served as corporate vice president and chief accounting officer at AMD since November 2024, will be replaced by Jean Hu, the company's Executive Vice President and CFO, who will temporarily take over as Chief Accounting Officer while AMD searches for a permanent replacement [2].

The resignation of Carter comes as no surprise to the market, as he had previously worked at Skyworks Solutions between 2017 and 2024, including as vice president and corporate controller. His departure is not due to any disagreements over accounting practices or financial reporting, according to AMD [2].

The move is a significant one for Skyworks Solutions, which has named Carter as its new CFO. He will receive an annual base salary of $600,000 and an annual cash incentive with a target equal to 100% of his base salary. Additionally, Skyworks will pay Carter an $800,000 signing bonus, deemed earned on the 24-month anniversary of his start date, subject to his continued employment [2].

For AMD, the resignation of Carter marks a transition in its leadership team. Jean Hu, who has been instrumental in AMD's financial strategy, will now take on a dual role as Executive Vice President and CFO, temporarily filling the Chief Accounting Officer position. This move underscores AMD's commitment to continuity and stability during this period of transition.

The resignation of Carter is part of a broader trend in the semiconductor industry, where key executives are moving between companies to take on new roles and responsibilities. This movement reflects the increasing demand for specialized skills and expertise in the rapidly evolving tech sector.

References:
[1] https://www.ainvest.com/news/advanced-micro-devices-amd-outperform-nvidia-ai-era-2030-2508-41/
[2] https://finance.yahoo.com/news/skyworks-solutions-names-amd-executive-211124961.html