Advanced Micro Devices Inc said it hired Mark Papermaster as Chief Technology Officer to oversee the company's product development roadmap and its R&D division.

Papermaster joins the chipmaker from Cisco Systems, the company said in a statement.

He previously served as senior vice president of devices hardware engineering at Apple Inc, but resigned last year when reports about signal loss in the iPhone 4 snowballed and forced the company to call a news conference to address the issue, dubbed antennagate.

At AMD, Papermaster will head the Technology and Engineering Group and report to newly-appointed chief executive Rory Read.

Shares of the company were trading at $4.87 in morning trading on the New York Stock Exchange.