Intel Corporation has announced that the Company’s Board of Directors have elected Brian Krzanich as its next Chief Executive Officer (CEO).  Krzanich  who is currently working as Chief Operating Officer (COO),  will assume his new role at the company's annual stockholders' meeting on May 16 by replacing Paul Otellini. Â
As announced, Otellini will step down as CEO and from the Board of Directors on May 16 and Krzanich will become the sixth CEO of Intel Corporation.Andy Bryant, Chairman of Intel said, "After a thorough and deliberate selection process, the Board of Directors is delighted that Krzanich will lead Intel as we define and invent the next generation of technology that will shape the future of computing."
Bryant added, "Brian is a strong leader with a passion for technology and deep understanding of the business. His track record of execution and strategic leadership, combined with his open-minded approach to problem solving has earned him the respect of employees, customers and partners worldwide. He has the right combination of knowledge, depth and experience to lead the company during this period of rapid technology and industry change."In addition, Intel’s Software Head, Renee James  has been elected as the President of the Company.
