AMD names CEO from Lenovo ranks

AMD has named Rory Read, who ran Lenovo's U.S. operations, as its new president and CEO.

Read, who is credited with helping Lenovo revamp its business and become a leading PC player, will be charged with bolstering AMD's growth prospects in mobile.

AMD chairman Bruce Claflin said in a statement:

He is ideally suited to accelerate AMD's evolution into the world's leading semiconductor design company. As President and COO of Lenovo, he helped take the company into dynamic new markets while growing market share and expanding profitability. His sound, strategic thinking and natural customer orientation will help amplify the voice of the customer inside AMD.

Read more of "AMD names Lenovo exec Rory Read CEO, eyes post PC plan" at ZDNet.