Lenovo COO jumps ship to become President and CEO of chip maker AMD

Robin Wauters is currently staff writer for TechCrunch and lead editor of Virtualization.com. In addition to its activities, professional blogging, he is an entrepreneur, the organizer of the event, from time to time the Council consultant and an angel investor, but most importantly champion full launch. Wauters lives and works in Belgium, a tiny country in Europe. He can often be found from his home or ... ? Read More

Chip manufacturer Advanced Micro Devices (AMD) named Rory p. read as its new President, CEO and member of the Board, effective today. Read joined AMD from PC maker Lenovo, where he worked for five years and most recently served as President and COO.

Thomas Seifert, who served as the interim CEO of AMD, starting in January 2011, will return to its role as Senior Vice President, Chief Financial Officer.

Seifert was replaced by Dirk Meyer, who led the team that designed and developed the Athlon and became Director in AMD until he was overthrown in January 2011, after a dispute with the Board on the direction of AMD.

Search for new Director took AMD that Intel's competitors, took more than half a year, but now finally put an end to the reading assignment.

The Lenovo Rory p. Read worked his way up to the role of President and COO in 2009, and helped turn the fastest growing major manufacturer Lenovo PC in the world. Before Lenovo read for 23 years at IBM where he held several leadership positions.

According to Lenovo's reading is responsible for driving growth, performance, profitability and global $ 16 billion enterprise encompasing (sic) 160 + countries.

AMD has not brought on the market for microprocessors designed for modern smartphones and little for Tablet PCs, instead of focusing on desktop, laptop, server, gaming console and graphics chip. We're curious to see where AMD under new leadership.

AMD will hold a conference call today at 9: 15 AM PST on the lease.

AMD shares were almost 5% on the news in early trading.

AMD is an American semiconductor company that develops computer processors and related technologies for commercial and consumer markets. They produce primarily microprocessors, motherboard chipsets, embedded processors, and ...

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Lenovo Group Limited, an investment holding company, carries out the production and distribution of it products and services. He offers of laptops, desktops, workstations, servers, battery and power, docks and port replicators.

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