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Is Intel next to get a woman CEO?
Tam Harbert
11/27/2012 12:50 PM EST
The virtual ink was barely dry on the press release that announced Intel Corp. president and CEO Paul Otellini's plans to retire in May 2013, when a bevy of news stories popped up speculating about who his successor might be.
As surprising as the news was that Otellini was retiring early (he's 62 and could have stayed on another three years), there may be another surprise awaiting Intel shareholders. Two of the most commonly mentioned candidates to replace Otellini are women: Renée James, head of Intel's software business, and Diane Bryant, head of its datacenter and server business.
While still unlikely, the odds that a woman could be named CEO at Intel are much higher now than just a few years ago. This year's Fortune 500 listed 18 companies led by female CEOs, a record number and up from 12 in 2011. In the tech industry—where women are seriously under-represented—the last three years have seen females rise to the top spots at several major technology companies.
Ursula Burns was named CEO of Xerox Corp. in 2009 and became chairman in 2010. Although not new to the chief executive position, former eBay CEO and California gubernatorial candidate Meg Whitman became president and CEO of Hewlett-Packard Co. in September 2011. At the beginning of 2012, Virginia M. "Ginni" Rometty was appointed president and CEO of IBM Corp. Just recently, on Oct. 1, she added the title of chairman of the board. Then there's Marissa Mayer, who jumped ship from Google and was named CEO and president of Yahoo Inc. in July 2012.
That's an impressive list, but notice that none are semiconductor companies. The chip business has always seemed even more male-dominated than other parts of the tech industry. I don't recall many female executives or even chip designers at semiconductor companies, much less CEOs. Intel has had five CEOs in its 44-year history, and all of them have been men.
Next: The candidates
As surprising as the news was that Otellini was retiring early (he's 62 and could have stayed on another three years), there may be another surprise awaiting Intel shareholders. Two of the most commonly mentioned candidates to replace Otellini are women: Renée James, head of Intel's software business, and Diane Bryant, head of its datacenter and server business.
While still unlikely, the odds that a woman could be named CEO at Intel are much higher now than just a few years ago. This year's Fortune 500 listed 18 companies led by female CEOs, a record number and up from 12 in 2011. In the tech industry—where women are seriously under-represented—the last three years have seen females rise to the top spots at several major technology companies.
Ursula Burns was named CEO of Xerox Corp. in 2009 and became chairman in 2010. Although not new to the chief executive position, former eBay CEO and California gubernatorial candidate Meg Whitman became president and CEO of Hewlett-Packard Co. in September 2011. At the beginning of 2012, Virginia M. "Ginni" Rometty was appointed president and CEO of IBM Corp. Just recently, on Oct. 1, she added the title of chairman of the board. Then there's Marissa Mayer, who jumped ship from Google and was named CEO and president of Yahoo Inc. in July 2012.
That's an impressive list, but notice that none are semiconductor companies. The chip business has always seemed even more male-dominated than other parts of the tech industry. I don't recall many female executives or even chip designers at semiconductor companies, much less CEOs. Intel has had five CEOs in its 44-year history, and all of them have been men.
Next: The candidates
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US Made
11/27/2012 5:46 PM EST
Politically correct....I guess next step to IMBO..
I am holding this dawn stocks for 12 years....I have to retire at some point....
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resistion
11/27/2012 8:11 PM EST
What's the next direction for Intel? Advanced process? Product diversity? Enterprise? Software/ services?
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chipmonk
11/28/2012 10:50 AM EST
Pushing women as CEOs for Tech Co.s - just one word of caution : Carly Fiorina !
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DataMuncher
11/28/2012 2:01 PM EST
And if you pick a man, two words of caution:
Hurd and Apotheker. It's not about gender ! It's about who's qualified and won't likely have ethical lapses.
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MikeSmith2011
11/29/2012 8:52 PM EST
Hurd was HP's last hope. He is working wonders at Oracle. We need to remove our fixation on morals and focus instead on competence. This is a business not a test of who goes to heaven or hell.
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dvargasr
11/28/2012 11:24 AM EST
I think the next CEO must be chosen based on who is more capable and who has better ideas to advance the company, not on the gender of the person. If a woman is the better qualified so be it.
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justathought
11/28/2012 2:47 PM EST
Unfortunately Renee realistically has little chance of getting named. The stock would drop immediately. Major institutional holders wouldn't support the move as she's just not ready. Stacey would clearly like the job - he's been very visible and is well likled but board already has deep financial content. Brian is the obvious internal choice for a reason.
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resistion
11/28/2012 6:37 PM EST
The timing of Paul's resignation just before 14 nm is suspicious.
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resistion
11/28/2012 6:38 PM EST
Maybe he's ill?
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Ogemaniac
11/28/2012 6:50 PM EST
Over the years, I have been trying to observe at what age the typical F500 CEO retires. 62 is right about average.
He's filthy stinking rich. Why wouldn't he want to step down from such a demanding job, spend more time with the grand-kids, and "earn" a few million a year by sitting on a few corporate boards?
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unknown multiplier
11/28/2012 9:26 PM EST
22 nm transition not being a hot sell may mean the manufacturing technology prowess is not key to staying at the fore anymore. Actually, Otellini was the best proof of this shifting emphasis.
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Duane Benson
11/29/2012 11:01 AM EST
One of these days the gender of a prospective Intel CEO (or the race of a president) won't be news. It would be nice if we could have this very same article, but rather than discussing which candidates are male or female, only discuss the major accomplishments the people have in their records.
Unfortunately, we as a society aren't there yet. Using Carly Fiorina or, any one person, as justification for perpetuating the discriminatory and condescending attitudes should not be considered a viable counter argument to qualifications-based hiring. As DataMuncher indicated, the litany of men who have been bad choices goes on and on. And, that's not because men are inherently bad choices either. It just means that hiring any sort of a human involves the potential risk of making a bad choice or the potential reward of making a good choice.
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EREBUS
11/29/2012 3:35 PM EST
There is no reason that a competent woman could not be the next Intel CEO. It depends upon the definition of competent and the vision the board holds for the future of Intel. Until they decide what they want to be, they will have difficulty in getting the right person for the job.
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SylvieBarak
11/29/2012 8:59 PM EST
I think they should just pick the best CEO for the job. I don't see what being a woman or a man has to do with it frankly, and putting a woman in the position of CEO to show that they are progressive would be super lame. Let's stop making this about gender, and start making it about talent for the actual job. Renee James just doesn't cut it.
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resistion
11/30/2012 6:12 AM EST
Some 22 nm being discontinued early?
http://www.fudzilla.com/home/item/29596-first-ivy-bridge-to-die-in-q2-2013
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sprite0022
12/2/2012 7:29 PM EST
@EREBUS11/13/2011 7:28 PM EST
I would not write the Intel obituary just yet. To parrot Mark Twain, "The death of the PC is highly exagerated." I know Apple would love to see the tablet dominate the world, but I have yet to see any applications that can replace either my desktop or my labtop for doing real work.
I have seen Intel jump back in the lead many times over the last forty years. I have yet to see anyone else come close to their level of quality and production.
http://www.eetimes.com/message-board/other/4230496/how-long-will-Intel-lasts--II---
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hey ya all, here is link to my original post, exactly 1 year ago.
what a brilliant and unique prediction...
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