Intel CHIEF EXECUTIVE OFFICER Paul Otellini to retire following year.

Intel CEO Paul Otellini is going to be retiring in May 2013 with the company’s annual shareholder meeting. He will step down via his position as CEO as well as a director on the company’s panel, Intel has announced. This would mark the finish of close to 40-years involving working at Intel, the last five which were spent at the helm. Intel is taking a look at both internal and external candidates to the top job.

During Otellini’s rule, Intel strengthened its position inside PC space during turbulent times because industry was going through a new transition period. However, bigger challenges remain while watching company as PC shipments are already declining while consumers spend more on tablets and smartphones. Intel took a few missteps using its mobile chipset strategy and is now looking for its way back into the actual low-margin but high-value product segment that is certainly dominated by companies like Britain’s PROVIDE, Qualcomm and Samsung, among others.

Otellini’s successor would be handed a particular brief that would include kickstarting the actual company’s smartphone and tablet strategy while simultaneously take Intel to the following generation of personal computing, the seeds for which have been completely sowed. Earlier this year Intel released its first Android smartphone running by using an Atom processor codenamed Medfield, but its success is yet to become proven.


Intel also announced it really is promoting three senior leaders towards the position of senior vice president – Renee James, head involving Intel’s software business; Brian Krzanich, key operating officer and head involving worldwide manufacturing; and Stacy Cruz, chief financial officer and director of corporate strategy.