AMD Board Elects Dirk Meyer President and CEO

July 17, 2008 5:18 PM EDT

AMD (NYSE: AMD) announced that its board of directors elected President and COO Dirk Meyer as the company's chief executive officer. Meyer succeeds Hector Ruiz, who will become executive chairman of AMD and chair of the board of directors. As executive chairman, Ruiz will ensure a smooth executive leadership transition, focus on driving the company's asset smart strategy to completion, and assist with high-level government and strategic partner relations.

"Dirk's extensive experience as a business leader and his notable engineering accomplishments before and during his 12 years at AMD make him ideally suited to build upon the foundation Hector created and lead AMD."
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