AMD hires former Lenovo president as CEO

AMD hired former Lenovo president and chief operating officer Rory Read as its president and chief executive officer on Thursday. Read will replace interim leader Tom Seifert, the company’s chief financial officer, and former CEO Dirk Meyer. Meyer resigned from the chip maker in January after the company’s board decided that AMD could be more profitable, and no doubt more competitive against Intel, with a new head. “I?m very pleased to be joining AMD at this important time in its history,” Read said in a statement. “I?m excited to be joining AMD?s employees as we write the next chapter not just for the company, but for the industry and consumers around the world.” Read worked at IBM for 23 years

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