James, 46, has overseen and grown rapidly the software side of Intel's business. She is also chairman of McAfee and Wind River Systems, software companies that Intel acquired and made into subsidiaries. Revenue from software and services has gone up by nearly a factor of ten since 2010.
James also currently serves on the board of directors of Vodafone Group plc and
VMware Inc. and was chief of staff for former Intel CEO Andy Grove.
"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,” said Andy Bryant, chairman of Intel, in a statement.
In the same statement Krzanich said: "We have amazing assets, tremendous talent, and an unmatched legacy of innovation and execution. I look forward to working with our leadership team and employees worldwide to continue our proud legacy, while moving even faster into ultra-mobility, to lead Intel into the next era."
Intel said that the board of directors was unanimous in its decision to appoint Krzanich.
Related links and articles:
Intel's CEO search begins, and the nominees are...
Intel shuffles execs, names COO
Pondering parallel programming with Intel’s Renee James
Is Intel next to get a woman CEO?