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Ex-CEO of AMD to leave spinoff

November 03, 2009|Times Wire Reports

Hector Ruiz, former chief executive of chip maker Advanced Micro Devices Inc., is leaving his job with a spinoff company after a published report linking him to the Galleon Group insider trading case.

GlobalFoundries Inc., also a chip manufacturer, says Ruiz will take a voluntary leave from his position as chairman before officially resigning Jan. 4.

The Wall Street Journal reported last week that Ruiz was the executive fingered by the U.S. attorney's office in Manhattan for leaking insider information to Danielle Chiesi, one of six people arrested in the Galleon case.

Ruiz is not a defendant in the case.

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