Intel CEO Paul Otellini to retire in May
SANTA CLARA, Calif. (AP) — Intel's CEO, Paul Otellini, plans to retire in May after nearly 40 years with the company.
Intel Corp. said Monday that its board will look at company executives as well as external candidates to replace Otellini. He has been head of Intel for eight years.
Intel is the world's largest maker of microprocessors, the "brains" of computers. The company is dealing with consumers' shift away from PCs and toward tablet computers — a threat to Intel because most tablets don't use its processors. Instead, they use cheaper chips similar to the ones found in smartphones.
Also on Monday, Intel announced that it has promoted three executives 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.
Otellini, 62, joined Intel in 1974. In 2002, he was named president and chief operating officer and became CEO three years later.
The Santa Clara, Calif., company's shares climbed 16 cents to $20.19 Monday morning.
Intel Corp. said Monday that its board will look at company executives as well as external candidates to replace Otellini. He has been head of Intel for eight years.
Intel is the world's largest maker of microprocessors, the "brains" of computers. The company is dealing with consumers' shift away from PCs and toward tablet computers — a threat to Intel because most tablets don't use its processors. Instead, they use cheaper chips similar to the ones found in smartphones.
Also on Monday, Intel announced that it has promoted three executives 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.
Otellini, 62, joined Intel in 1974. In 2002, he was named president and chief operating officer and became CEO three years later.
The Santa Clara, Calif., company's shares climbed 16 cents to $20.19 Monday morning.
Rumor has it that Dell computers along with Apple are going to stop using Intel chips.  If this is true, they will have to find some big customers to fill the gap.  Other than that, they are the only thing Oregon has going for it.  No one else even comes close.  But, according to someone I know working out there (working for a contractor in construction of some new projects at Intel)  Intel is possible going to ask for some concessions from the unions.  The trade off is that they are the largest employer in the Portland area and think  that keeping jobs there is worth something.  They have the power, just like Boeing, to get their way or they will move.  It will be up to the unions to decide.
He was also behind this comment. "Some companies are quite open about this, like Intel, which has said it will never build another plant in California...", when asked about expanding in California.
I hope his retirement requires a pine box and deep hole.
 @ChipClip ... a lousy comment to say the least.....Paul Otellini has done a remarkable job.  Intel has been one of the most successful companies - I do not understand what your problem is unless you are a hater of successful people because you aren't or never will be...
@ChipClip , I think that comment is uncalled for.