Press Esc to close
Monday 08 February 2016
News updated at 9:31 AM IST
Weather
Max: 32°C
Min : 18°C
In Bengaluru
Partially cloudy

Intel CEO to retire next year

San Francisco, Nov 20, 2012 (IANS)

Intel announced Monday that Paul Otellini, its president and chief executive officer (CEO), has decided to retire at the company's annual stockholders' meeting in May 2013, concluding his almost 40 years of service for the chipmaking giant.

"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," Andy Bryant, chairman of the Intel board, said in a statement.

"The board is grateful for his innumerable contributions to the company and his distinguished tenure as CEO over the last eight years," Xinhua quoted the statement as saying.

Otellini will start a leadership transition over the next six months and will still be available as an adviser to management after his retirement, according to a press release from Intel.

"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," the release quoted Otellini as saying.

Touting Otellini's achievements, Intel said it has generated $107 billion in cash, with its annual revenue rising to $54 billion from $38.8 billion during Otellini's tenure as CEO -- from the second quarter of 2005 through the third quarter of 2012.

After joining Intel in 1974, Otellini managed several of the chipmaker's businesses, including its PC and server microprocessor division, as well as global sales and marketing.

During his tenure as CEO, Intel introduced ultrabooks to the PC market, delivered the first smartphones and tablets powered by Intel chips, and made strategic acquisitions that expanded the company's presence in security, software and mobile communications.

However, under Otellini's leadership, Intel has also embarrassingly seen very limited success in mobile devices, as Apple's popular iPhone and iPad, almost every Android device and the Microsoft Surface tablet all use low-power ARM processors.


Go to Top

Photo Gallery
A leopard attacks a man in a school premises in Bengaluru on Sunday...

A leopard attacks a man in a school premises in Bengaluru on Sunday...

Sand sculpture of turtles at Marina Beach as part of a 'Save a Turtle campaign'...

Sand sculpture of turtles at Marina Beach as part of a 'Save a Turtle campaign'...

Awareness about road safety rules at the launch of 'Aster SafeRoads campaign in New Delhi...

Awareness about road safety rules at the launch of 'Aster SafeRoads campaign in New Delhi...

Tourists enjoy Shikara rides at Dal Lake as tourism in J&K comes back to life after 2014 floods...

Tourists enjoy Shikara rides at Dal Lake as tourism in J&K comes back to life after 2014 floods...

Gen DS Hooda pays tribute at Jagdunath memorial on the occasion of Nowshera Day celebration...

Gen DS Hooda pays tribute at Jagdunath memorial on the occasion of Nowshera Day celebration...

Swimmer Sayani Ghosh during final round of women 400M Medley event at the 12th South Asian Games...

Swimmer Sayani Ghosh during final round of women 400M Medley event at the 12th South Asian Games...

Swimmer Sayani Ghosh (M), Shraddha Sudhir (L) and Sri Lankan swimmer JUI Silva (R), with their medal

Swimmer Sayani Ghosh (M), Shraddha Sudhir (L) and Sri Lankan swimmer JUI Silva (R), with their medal

Indian Swimmers Sajan Prakash (M), Saurabh Sangvekar (R) and Bangladeshi swimmer Mahfizur Rahman...

Indian Swimmers Sajan Prakash (M), Saurabh Sangvekar (R) and Bangladeshi swimmer Mahfizur Rahman...

Indian and Nepal women Hockey Team players in action during the 12th South Asian Games in Guwahati..

Indian and Nepal women Hockey Team players in action during the 12th South Asian Games in Guwahati..

Cyclists on a 40 kms criterium race during 12th South Asian Games, in Guwahati on Sunday...

Cyclists on a 40 kms criterium race during 12th South Asian Games, in Guwahati on Sunday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523