Monday, November 19, 2012

Intel's Otellini To Step Down

Santa Clara-based Intel said today that President and CEO Paul Otellini is retiring in May, after 40 years at the company. Otellini said it was "time to move on" and transfer leadership of the company to a "new generation." Intel said its board of directors is conducting a process to choose Otellini's successor. Otellini is only Intel's fifth in its 45 years.