: AMD poaches Marvell’s Jean Hu for CFO slot as Devinder Kumar retires

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Advanced Micro Devices Inc. said late Wednesday that financial chief Devinder Kumar was retiring and that Marvell Technology Inc.’s Jean Hu would take his place.

Marvell MRVL, +3.81% announced that Hu was leaving effective Jan. 20, while AMD AMD, +1.48% said Hu would start Jan. 23.

Kumar will stay at AMD until April to ensure a smooth transition. Willem Meintjes, Marvell’s chief accounting officer since 2018, will succeed Hu as chief financial officer.

Marvell also narrowed the range of its fourth-quarter forecast to between $1.36 billion and $1.44 billion, while analysts surveyed by FactSet expect $1.4 billion.

Marvell shares fell 2% after hours, following a 3.8% gain to close at $38.42, while AMD shares slipped 0.4% following a 1.4% gain in the regular session to finish at $69.06.

This article was originally published by Marketwatch.com. Read the original article here.

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