CentOS 6.3 Device eth0 does not seem to be present (Minimal non-cloned setup)

In my situation, I changed the network adapter configuration of my hypervisor after the installation of CentOS. What happened in this case is that the old interface eth0 no longer existed but a new one called eth1 did.

ls /sys/class/net
eth1 lo

I changed the network config /etc/sysconfig/network-scripts/ifcfg-eth0 to use DEVICE=eth1 and it worked again.