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
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