Press release; Joseph Tsai, DIGITIMES
[Tuesday 20 November 2012]
Intel has announced that the company's president
and CEO, Paul Otellini, has decided to retire as an officer and director at the
company's annual stockholders' meeting in May, starting an orderly leadership
transition over the next six months. Otellini's decision to retire will bring to
a close a career of nearly 40 years of continuous service to the company and its
stockholders.
The board of directors will conduct the process
to choose Otellini's successor and will consider internal and external
candidates for the job.
The company also announced that the board has
approved the promotion of three senior leaders to the position of 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.
Paul Otellini, Intel CEO
Photo: Company
Photo: Company
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