Posted AT 5:39 PM EST on 17/07/08
AMD chief stepping down
SAN FRANCISCO — Hector Ruiz was pushed aside Thursday after six tumultuous years as chief executive officer of Advanced Micro Devices Inc., as the chip maker tries to pull itself out of a deep financial hole caused by a questionable acquisition and a major product gaffe.
Mr. Ruiz, 62, who had been the only person to head AMD other than founder and long-time CEO Jerry Sanders, is stepping down as CEO but will remain on the board of directors.
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