CEO Ruiz is AMD Chairman

NEW YORK: AMD Inc., the second-largest producer of personal computer microprocessors, said that President and Chief Executive Officer Hector Ruiz was named chairman of the board following its annual stockholders meeting.

Co-founder and former chairman WJ Sanders was elected a director and appointed chairman emeritus, the company said in a statement.

The company added that Sanders will retire from the Board of Directors.

The California company also said shareholders approved the appointment of Ernst & Young LLP as independent auditors for the current year, and the chip maker's 2004 equity incentive plan.

©Reuters