Intel CEO Otellini To Step Down - InformationWeek
IoT
IoT
Infrastructure // PC & Servers
News
11/19/2012
10:18 AM
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%
RELATED EVENTS
Full Security Visibility: An Introduction to SysSecOps
Jun 06, 2017
Systems and security operations - SysSecOps - is a growing approach that integrates endpoint monit ...Read More>>

Intel CEO Otellini To Step Down

Intel's Paul Otellini, president and CEO, is retiring as Intel stares down a post-PC era favoring mobile chips.

Intel's Tech Roadmap: Visual Tour
Intel's Tech Roadmap: Visual Tour
(click image for larger view and for slideshow)
Paul Otellini, the 62-year-old president and CEO of Intel, has decided to retire, the chip maker announced on Monday. Otellini will step down from his executive and director posts following the company's annual stockholder's meeting in May 2013, and Intel promised an orderly leadership transition over the next six months.

Otellini, who has served with the company for nearly 40 years, has been in the top spot since 2005. His departure comes amid trying times for Intel (and its smaller rival, AMD) as it struggles with both a slow global economy and what many are calling a post-PC era that is seeing sales grow for ARM chips designed for mobile devices such as tablet computers.

Intel beat its latest financial forecasts when it reported earnings last month, but its outlook for fourth-quarter revenue came in at $13.1 billion to $14.1 billion, with the midpoint being lower than analysts' forecasts. That's an early sign that Intel doesn't expect the release of Microsoft's Windows 8 operating system to turn around stagnating consumer sales of personal computers.

Intel's announcement focused on Otellini's accomplishments, crediting him with transforming the company's operations and cost structure and, more recently, "reinventing the PC" with Ultrabook devices.

[ Want more context? Read As AMD Explores Options, Intel Pain Looms. ]

"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," Otellini said in a statement.

Intel's board of directors will lead the search for Otellini's replacement, and it will consider both internal and external candidates, the company said.

Intel also announced that the board 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.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of Data and Analytics
Today's companies are differentiating themselves using data analytics, but the journey requires adjustments to people, processes, technology, and culture. 
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll