SUNNYVALE, Calif. (AP) - Advanced Micro Devices Inc. said Tuesday Dave Orton, the former president and chief executive officer of ATI Technologies, resigned as executive vice president, effective the end of July.
In October 2006, AMD closed on its $5.4 billion acquisition of graphics chip maker ATI Technologies Inc., a deal that saddled the company with debt, but was expected to erode one of Intel's key advantages over the company.
''Dave's passion and relentless drive catapulted ATI into a solid leadership position in each of the company's graphics, chipset and consumer electronics businesses,'' said Dirk Meyer, AMD president and chief operating officer, in a prepared statement.
The company said Adam Hartog, senior vice president and general manager of the consumer electronics group, and Rick Bergman, senior vice president and general manager of the graphics products group, will now report directly to the office of the CEO.
AMD shares fell 4 cents to $14.57 in morning trading.