14 DAY TRIAL // It appears that Advanced Micro Devices is not the only company going through some management changes, as NVIDIA has now announced that a department head will only be staying employed until May 31, 2011.
It may not be overly common for a corporation to suddenly let go of one of its major employees and/or company officials, but not really unheard of either.
Management changes can happen for a variety of reasons, from inappropriate conduct to poor strategy or unsatisfactory results.
One of the most noteworthy, and recent, developments of this sort happened about two months ago, when AMD's CEO (chief executive officer) Dirk Meyer left his job, presumably because of unsatisfactory tablet/mobile plans.
The Sunnyvale, California-based company has been relying on an interim CEO ever since, though a full-fledged leader should be chosen soon.
What happened in NVIDIA's camp today isn't as drastic, but still fits in with changes in the ranks of high-profile executives.
Apparently, David White, its CFO (chief financial officer) resigned from his position because of what the press release names personal reasons.
"I want to thank David for his many contributions to NVIDIA," said Jen-Hsun Huang, NVIDIA president and chief executive officer. "I'm grateful for the counsel and leadership he has provided.”
Once White leaves for good, corporate controller and vice president of tax Karen Barnes will fill in for him until a new CFO is selected. She has been with NVIDIA for 10 years and served nine more in audit and tax roles with KPMG before that.
“Karen is a broadly respected veteran of NVIDIA and knows our business well. Her experience, her understanding of our business and her leadership will be a tremendous asset to us during this transition."
Of course, considering that the current CFO won't leave until the end of May, NVIDIA actually has quite some time to look for the right person for the job.