Wednesday, June 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung to Open $380 Million Home Appliance Manufacturing Plant in South Carolina
Dolby Atmos Coming to Netflix
Toshiba Delays Chip Unit Deal, Sues Western Digital
Qualcomm Debuts the Snapdragon Wear 1200 and the Snapdragon 450 Mobile Platforms
Samsung Launches ISOCELL Image Sensor Brand
Toshiba Announces 96-Layer 3D Flash Memory and 64-Layer QLC 3D Flash Memory
Western Digital Announces First 96-Layer 3D NAND Technology
New Intel SSD 545s Packs 64-layer 3D TLC Flash
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Intel C...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 19, 2012
Intel CEO Paul Otellini to Step Down


Intel Chief Executive Officer Paul Otellini will retire in May after almost four decades at the chipmaker, in a priod where the company tries to adapt its dominance in computing into the mobile market.

"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'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."

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

During Otellini's leadership from the second quarter of 2005 through the third quarter of 2012, Intel achieved record revenue and net income. "During this period, annual revenue grew from $38.8 billion to $54 billion, while annual earnings-per-share grew from $1.40 to $2.39," Intel said.

However, Intel's future growth is uncertain, as the computing market tilts toward smartphones and tablet computers, undercutting the demand for the desktop and laptop machines that have been the foundation of Intel's success for the past 30 years.

Intel's's board has also approved the promotion of three senior leaders to the position of executive vice president: Renee James, head of Intel's software business; Brian Krzanich, chief operating officer and head of worldwide manufacturing; and Stacy Smith, chief financial officer and director of corporate strategy.


Previous
Next
New Space-saving Crucial Ballistix Low Profile Memory Helps Solve Energy Concerns        All News        AC/DC Now Available Digitally On iTunes
Disney to Close Online Store     General Computing News      AC/DC Now Available Digitally On iTunes

Get RSS feed Easy Print E-Mail this Message

Related News
New Intel SSD 545s Packs 64-layer 3D TLC Flash
Intel to Bring Virtual Reality and 5G to Olympic Games
First Intel Core X-Series Processors Pre-Orders Begin Today, Available Starting June 26
Microsoft Used AI to Help Crack Down on Tech Support Scams
Intel Details "mesh" On-chip Interconnect Technology Features in New Intel Xeon Scalable Processors
Intel Invests in Three AI Companies
Microsoft AI Masters Pac-Man
Intel Showcases PC Gaming and VR Experiences at E3, Announces Intel Grand Slam for Esports and Pre-Orders for Core X-series Processor Family
LG Establishes New Robotics and AI research Divisions
Intel is Threatening ARM and Microsoft For Emulating x86 ISA
Intel Adds the DC P4501 Low-Power NVMe SSD to Enterprise Lineup
Google to Retire the AlphaGo AI Program

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .