Friday, 23 November 2012
Intel Corporation announced yesterday
that its CEO Paul Otellini, who has held that position since 2005, will
retire at the company’s annual stockbrokers’ meet in May 2013. Otellini,
who is 62, has served the world’s top chip maker for close to 40 years.
The six month timeframe will give Intel enough time to select a successor to Otellini. Intel has stated that it will consider both internal as well as external candidates for the post.
During Otellini’s reign as the CEO, Intel introduced some major innovations:
- Innovated with high-K, metal-gate and 3D Tri-gate transistors improving the efficiency of Intel processors
- Acquired security firm McAfee
- Introduced Ultrabooks category
- Delivered the first set of smartphones sporting an Intel Medfield SoC
- Grew the vast network of cloud-based computing built on Intel products
“I’ve been privileged to lead one of the
world’s greatest companies,” Otellini said. “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. I look forward
to working with Andy, the board and the management team during the
six-month transition period, and to being available as an advisor to
management after retiring as CEO.”
