Santa Clara, Calif. – Paul Otellini will step down as the CEO of chip-maker Intel in May, the company announced on Monday. Otellini has been with the company for 40 years, serving as its CEO since 2005.
“After almost four decades with the company and eight years as CEO, it’s time to move on and transfer Intel’s helm to a new generation of leadership,” said Otellini.
The company’s board said it will begin the process of finding his replacement, considering both internal and external candidates.
In addition, Intel also has promoted three senior leaders to executive vice president – Renee James, head of Intel’s software business; Brian Krzanich, chief operating officer and head of worldwide manufacturing; and Stacy Smith, chief financial officer and director of corporate strategy.
This article was also published in Potomac Tech Wire.
Intel – http://www.intel.com
Intel – press release