Monday, 19 November 2012

Paul Ottelini Intel CEO would retire in May,

Intel said on Monday that Chief Executive Officer PaulOttelini would retire in May, stepping down from the world's leading chipmaker at time when it isgrappling with weak PC demand as the industry shifts towards mobile computing.
Intel's board said it would consider internal and external candidates for the CEO position. It said in a statement that it expected the "leadership transition" to last six months.
The company said it would promote three executives tobe executive vice presidents. They are Renee James, who is in charge of Intel software; Brian Krzanich, who is chief operating officer and also oversees manufacturing; and Stacy Smith, the chief financial officer and directorof corporate strategy.
Ottelini, 62, was the fifth CEO of the company, stepping into the post in the second quarter of 2005.