Key Highlights
- Amie Thuener will assume the CFO position at Broadcom beginning June 12, 2026.
- She currently holds the position of VP, Corporate Controller and Chief Accounting Officer at Alphabet, a role she’s held since 2018.
- Current CFO Kirsten Spears steps down after more than a decade with Broadcom. She will transition to an advisory role for nine months.
- During her leadership, Spears guided the company through its massive $69 billion VMware acquisition completed in 2023.
- CEO Hock Tan highlighted Thuener’s expertise in financial oversight, AI transactions, and managing multinational corporations.
Broadcom (AVGO) has announced the appointment of Amie Thuener to the position of Chief Financial Officer. She will assume her new responsibilities on June 12, 2026, succeeding Kirsten Spears, who is stepping down from the role.
Thuener arrives from Alphabet, where she currently holds the dual title of Vice President, Corporate Controller and Chief Accounting Officer, a position she’s occupied since 2018. Her earlier career includes a stint as Managing Director at PricewaterhouseCoopers, specializing in transaction services and accounting advisory.
In announcing the appointment, CEO Hock Tan emphasized her qualifications. “She will bring deep experience in financial reporting, corporate governance, AI-related transactions and leading complex, global organisations,” he stated.
Spears joined Broadcom over 12 years ago and assumed the CFO position in late 2020. She took the reins during a challenging period marked by pandemic-induced supply chain disruptions.
Her tenure as CFO is notably marked by shepherding the company’s $69 billion takeover of VMware, a cloud computing enterprise, finalized in 2023. The transaction stands as one of the technology sector’s most significant deals in recent years.
To ensure continuity, Spears will remain in her current capacity until the handover date and continue as an advisor for an additional nine-month period. The company indicated this transition plan is intended to maintain operational stability.
Strategic Choice for AI-Focused Growth
Thuener’s expertise in AI-related financial transactions appears to be a calculated decision by Broadcom’s leadership. The semiconductor company has been aggressively expanding its artificial intelligence chip operations, creating increasingly sophisticated financial challenges.
Unlike traditional chip manufacturers, Broadcom specializes in collaborative development. The company partners with major clients — including Google and OpenAI — to create customized processors such as tensor processing units (TPUs) and proprietary chips.
In recent statements, Broadcom forecasted that its AI chip revenue could surpass $100 billion in the coming year, fueled by explosive demand for specialized silicon. This represents an ambitious target in an already overheated market.
Nvidia maintains its position as the dominant force in AI semiconductors, but Broadcom has established a distinctive niche through its custom chip collaborations. Maintaining the financial infrastructure supporting this growth will now fall to Thuener.
With a market capitalization hovering around $1.48 trillion, Broadcom ranks among the semiconductor industry’s most valuable players.
Strong Financial Performance Sets the Stage
The leadership change follows impressive quarterly results. Broadcom delivered fiscal first-quarter earnings in March that surpassed Wall Street projections, accompanied by optimistic forward guidance.
These results provided shareholders with reassurance about the company’s trajectory. Thuener will inherit a finance department operating from a position of strength.
The board expressed appreciation for the outgoing CFO’s service. “On behalf of the Board, I want to thank Kirsten for her dedication to Broadcom over the past 12 years,” Tan remarked.
Broadcom operates from its headquarters in Palo Alto, California.
Thuener’s official start date as Chief Financial Officer is June 12, 2026.
