LENOVO'S RORY READ JUMPS SHIPS TO BE AMD'S PRESIDENT AND CEO

AMD has finally found itself a permanent CEO. The company today named Rory P. Read to the post, also announcing that he'll serve as President and as a member of the board of directors. Read most recently served as President and Chief Operating Officer of Lenovo, and spent 23 years serving in a variety of roles at IBM prior to that. He replaces AMD CFO Thomas Seifert (now returning to his original role), who had been serving as interim CEO since the departure of Dirk Meyer -- who himself only became CEO in 2008 when Hector Ruiz stepped down. For his part, Read says that he's "very pleased to be joining AMD at this important time in its history," and that "AMD is a true innovator and is uniquely positioned to lead the industry forward, delivering the next big thing both within the PC ecosystem and beyond."