Advanced Micro Devices, Inc. (NYSE:AMD) has poached an executive from Hewlett-Packard Company (NYSE:HPQ) to become their new CIO. Michael Wolfe worked at HP for five years with the most recent position being VP for Information Technology. Before that, Wolfe worked at Motorola for 24 years. “Mike has effectively led IT transformations constantly focusing on reducing operating costs and significantly improving business innovation,” stated AMD interim CEO Thomas Seifert. “His considerable talent and experience will help AMD to continue strengthening our IT infrastructure and streamline our business based on our own products and platforms.” [AllThingsD]

Advanced Micro Devices, Inc. (NYSE:AMD) chief operating officer Bob Rivet is stepping down from the company. This is one month after CEO Dirk Meyer stepped down. Rivet joined AMD in 2000 as CFO. Rivet will be pursuing other opportunities. AMD SVP of corporate strategy Marty Seyer is also stepping down for similar reasons. Meyer resigned last month because of a disagreement with AMD’s board of directors. AMD CFO Thomas Seifert is acting CEO while the board is looking for Meyer’s replacement. [InformationWeek]