AMD Appoints New CEO, Former Lenovo Executive

PC chipmakers, AMD (Advanced Micro Devices) appoint Rory P. Read as President and CEO (chief executive officer) is new. Read is the former Chief Operating Officer (COO) of Lenovo.

Read Thomas Seifert immediately replace the task which had doubled during the last seven months as caretaker since left Dirk Meyer. Furthermore Saifert re-run the task as Chief Financial Officer (CFO) alone.

AMD Chairman Bruce Claflin said Read an ideal figure to push the company into the semiconductor industry leader. Read the previous 49-year-old career at IBM for 23 years before joining Lenovo since Lenovo acquired IBM's PC division in 2005.

AMD is known as Intel's main competitor in the PC processor business (personal computing). Since buying ATI, AMD is also a leading producer of graphics chips. In fact, the industry is now pushing integrated processor with graphics chips in one chip.

Meyer resigned after disappointment because under his leadership, AMD has not also produce chips for tablets and smartphones. In fact, a product of the two commodities are booming in the world.