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Intel's Otellini to step down in May

December 2012 Edition
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Posted on -Monday, December 24, 2012    By VARINDIA Correspondent
  Intel's Otellini to step down in May 

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

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