brandbook coming soon EIITF 2014 new banner
 

AN ISO 9001:2008 CERTIFIED COMPANY

IBM_NewBanner

Intel's Otellini to step down in May

Bookmark and Share   print  Print this   rss  RSS  
Posted on -Wednesday, November 21, 2012    By VARINDIA Correspondent
  Intel's Otellini to step down in May 

In a development that has stunned the business and technology world, Intel Corporation has announced that the company’s President & 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 remarkable career of nearly 40 years of continuous service to the company and its stockholders.

“Paul Otellini has been a very strong leader, only the fifth CEO in the company’s great 45-year history, and one who has managed the company through challenging times and market transitions,” said Andy Bryant, Chairman of the board. “The board is grateful for his innumerable contributions to the company and his distinguished tenure as CEO over the last eight years.”

“I have 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 is 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.”

The board of directors will conduct the process to choose Otellini’s successor and will consider internal and external candidates for the job.

No comment posted yet! Be the first to post a comment.
Reviews
Comments :
Name :
Company :
City :
Email :

Can’t Read? Refresh Captcha


(Please enter the security code as shown on the left image.)
 
(All fields are essential)
 
  Dell increases Cloud Focus by snapping up Gale   Agilent Intros InfiniiVision 4000 X-Series   
 
SIITF 2012 WIITF2013_Banner 12th Star Nite Award 2013
IRIS - IBM Banner
Sparsh_WebBanner

Quick Links

Star Nite Award 2014 Channel Leadership Survey - 2014
Page render in 3 second.