Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
GET RECOGNIZED.
Let an ISACA® certification
elevate your career.

Register today and save
Enterprise I.T.
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
Intel CEO Paul Otellini Retiring from Helm

Intel CEO Paul Otellini Retiring from Helm
By Barry Levine

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

Intel CEO Paul Otellini generally receives high marks for streamlining the company's operations and cost structure, originating and launching the Ultrabook form factor and spec, increasing partnerships, and launching the first smartphones and tablets with Intel processors. Intel also dramatically improved the energy efficiency of its chips under Otellini.
 


Intel CEO Paul Otellini, a major fixture in the technology universe, has announced that he will retire as a company officer and director. His retirement, scheduled for the stockholders' meeting in May, follows a career of nearly 40 years with the industry's dominant chipmaker.

Andy Bryant, chairman of the board, said in a statement that Otellini "has been a very strong leader," and noted that he has only been the fifth CEO in the company's 45 years of existence. The retirement date provides six months for a transition to a new CEO.

'New Generation'

For his part, Otellini, 62, told news media that, after nearly four decades with Intel, including eight years as CEO, "it's time to move on and transfer Intel's helm to a new generation of leadership."

Otellini's successor will find a rapidly changing environment in the semiconductor industry. Intel's profit in the third quarter fell 14 percent due to higher expenses and a drop in personal computers, as the industry moves toward mobile and Intel tries to compete in that space. Intel remains king for desktop and laptop PCs, whose lessening demand may pick up in response to the recent release of Windows 8.

His successor will also have a significantly large pair of shoes to fill. During the time he's been CEO -- from the second quarter of 2005 through the present -- the company has seen $107 billion in revenue from operations, distributed $23.5 billion in dividends, and increased the quarterly dividend 181 percent from $0.08 to $0.225. The company had record annual revenue and net income during this time, growing from $38.8 billion to $54 billion.

'Hand-Picked'

Otellini generally receives high marks for streamlining the company's operations and cost structure, originating and launching the Ultrabook form factor and spec, increasing partnerships, and launching the first smartphones and tablets with Intel processors. The company also achieved dramatic improvement in the energy efficiency of its processors, and such innovations as High-K/Metal gate and 3D Tri-gate transistors, during his tenure.

Laura DiDio, an analyst with Information Technology Intelligence Consulting, noted that Otellini had been "hand-picked" by the previous CEO, Craig Barrett, who himself had been hand-picked by the legendary trio that started the company -- Robert Noyce, Gordon Moore and Andy Grove.

She pointed out, unlike some recent, forced transitions in other companies, this one is "natural," as indicated by the fact that his departure is six months hence. DiDio expressed some surprise that the search will be both internal and external. She said that she thought "they'd already have someone in mind," although she did note that three new promotions could position their occupants for the top job at some point.

Along with the announcement of Otellini's retirement, Intel said it was promoting three executives to the position of executive vice president. These are Renee James, head of software, Brian Krzanich, COO and head of worldwide manufacturing, and Stacy Smith, CFO and director of corporate strategy.
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Enterprise I.T.
1.   Windows 9 Preview Date: Sept. 30?
2.   UPS Stores Hit by Data Breach
3.   Target Data Breach Cost: $148 Million
4.   Data Stolen from U.S. Health Network
5.   Cisco Axes 6,000 Employees


advertisement
UPS Stores Hit by Data Breach
Biz must adopt better security measures.
Average Rating:
Target Data Breach Cost: $148 Million
Better customer data protection needed.
Average Rating:
Data Stolen from U.S. Health Network
Chinese hackers targeted hospital firm.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
UPS Stores in 24 States Hit by Data Breach
Big Brown has been breached. UPS said that about 105,000 customer transactions at 51 of its UPS Store locations in 24 states could have been compromised between January and August.
 
Cost of Target Data Breach: $148 Million Plus Loss of Trust
The now infamous Target data breach is still costing the company -- and its shareholders -- plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 

Enterprise Hardware Spotlight
Acer's New Desktop Box Rides the Chrome OS Wave
Filling out its Chrome OS line, Acer is following the introduction of a larger Chromebook line earlier this month with a new tiny $180 desktop Chromebox and also a smaller Chromebook.
 
Three New Lenovo PCs Aimed at Business Users
Businesses everywhere want computing solutions that do more for less money, and Lenovo has unveiled three new desktop PCs that offer solid computing at a budget-minded price.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 

Mobile Technology Spotlight
Google Glass Adds Voice Access to Phone Contacts
The latest update to Google Glass will let users access their top 20 phone contacts with voice commands alone. A user can then choose a phone call, Google hangouts, e-mail or text messaging.
 
Samsung, B&N Target Amazon with Nook Tablet
They've seen the enemy and it is Amazon. So Samsung and Barnes & Noble are teaming up to combat their common foe with a 7-inch tablet that blends Samsung’s tech, Nook’s content and e-reader platform.
 
Acer's New Desktop Box Rides the Chrome OS Wave
Filling out its Chrome OS line, Acer is following the introduction of a larger Chromebook line earlier this month with a new tiny $180 desktop Chromebox and also a smaller Chromebook.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.