Dirk Meyer, former microprocessor chief of AMD, has been promoted to president and chief operating officer of that organisation. Meyer will share the leadership and management with Hector Ruiz, who is to give up the position of president. Ruiz will still run the company as chief executive and chairman.

"Dirk has played an essential role in AMD's rise to the position of technology and innovation leader in the microprocessor industry," said Ruiz, in a statement Monday. "He has made amazing progress with our microprocessor business, making it the envy of our industry. His leadership, operational skills and business acumen have positioned the company for long-term, sustainable growth, and I'm very pleased that AMD now will benefit from those skills on an even grander scale."