After helping rescue the company from Chapter 11, having secured the funding required to keep the company alive and ensured that about 7.5 million in past due bills to vendors were paid, Nace Panzica is leaving his CEO daily management activities but will remain an advisor for the corporation. AMD reveals that last January Nace Panzica told confidentially to the magazine that if he succeeded in the rescue bid it was then his intention to be able to leave his management position as soon as practical. He will continue to provide assistance in the future on an advisory basis. In 1970, Nace was one of the original founders of Custom Chrome.,
Published by Cyril Huze May 30th, 2008 in Events.