Wolfe will be responsible for managing AMD's global technology infrastructure, the company said in a statement. He will report to Thomas Seifert, who is the interim CEO and chief financial officer.

Wolfe for the past five years was the vice president of IT for product development and engineering at HP, AMD said. He also previously worked at Motorola and Freescale Semiconductor.

"[Wolfe's] considerable talent and experience will help AMD to continue strengthening our IT infrastructure and streamline our business based on our own products and platforms," said Seifert in a statement

The move amounts to a bit of an executive swap between the two companies. In August 2009, HP made former AMD CIO Ahmed Mahmoud its senior vice president in global information technology.

AMD has been reshuffling its executive staff over the past few months as it tries to revitalize operations to effectively compete with Intel in the server and PC markets. The company is looking for a new CEO . In February, two senior executives, Bob Rivet, executive vice president and chief operations and administrative officer, and Marty Seyer, senior vice president of corporate strategy, also resigned from the company.