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agk
Being the CEO for Intel for 8 to 9 years is highly responsible and also fully ...
chipmonk
well put
Intel CEO Otellini to retire in May
Peter Clarke
11/19/2012 10:00 AM EST
LONDON – Intel Corp. said Monday (Nov. 19) that Paul Otellini will retire as CEO and director of the chip maker in May.
Otellini's retirement coincides with Intel's annual shareholders' meeting
Intel said it will consider both internal and external candidates for the top post. Otellini has worked for Intel for nearly 40 years and served as CEO for the last eight.
"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," Intel board chairman Andy Bryant said in a statement.
"I look forward to working with Andy, the board and the management team during the six-month transition period, and to being available as an adviser to management after retiring as CEO," Otellini added.
Intel also announced the promotion of three senior officials to the position of executive vice president: Renee James, head of Intel’s software business; Brian Krzanich, chief operating officer and head of worldwide manufacturing; and Stacy Smith, chief financial officer and director of corporate strategy.
During Otellini's tenure, Intel said it generated $107 billion from operations and made $23.5 billion in dividend payments. Over the same period, annual revenue grew from $38.8 billion to $54 billion, while annual earnings per share grew from $1.40 to $2.39.
Related links and articles:
www.intel.com
News articles:
Intel's Q3 results not as bad as feared
Ultrabook sales falling short
Intel executive Maloney to retire
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resistion
11/19/2012 11:41 AM EST
A little surprisingly early, must be tough times ahead even for Intel.
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yalanand
11/19/2012 11:11 PM EST
@resistion, if Intel has already not chosen its successor then yes it would be tough times ahead. I wonder if Intel has already some possible candidates in its mind.
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song-chou-1
11/19/2012 11:45 AM EST
to resistion,
I hear this is a results of Intel's mobile designs (Atom) are not competitive with the latest Cortex A15 (Snapdragon S4, A6X, Samsung Exynos and soon Nvidia Tegra 4). Asia OEMs have seen Atom 32 and 22nm roadmap and it is very uncompetitive. Intel sales team was saying it results from poor Power/Performance/Area metrics of Intel 22nm node. Now we are hearing Intel 14nm not going well and mobile parts pushed to 2H/14.
This is why Intel needs new leadership. Head hunter search by Intel is looking for someone from outside with mobile phone experience.
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peter.clarke
11/19/2012 1:24 PM EST
Intel has never taken an outsider for the top job before. But maybe that is part of the problem.
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danny1024
11/19/2012 9:33 PM EST
If only there were non-Asian OEMs in the smartphone/tablet industry...Oh Wait!
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fabdud
11/19/2012 12:08 PM EST
My Resume is ready...Dear headhunters, feel free to contact me.
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peter.clarke
11/19/2012 1:28 PM EST
Paul Otellini was paid a package worth $17 million for his efforts in 2011 http://www.eetimes.com/electronics-news/4370482/Intel-CEO-pay-2011
So if you think you can do a better job perhaps you should ask for $20 million.
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US Made
11/19/2012 12:47 PM EST
How about Dadi, I use to work under him. He is a man who could turn things around... need to look at the entire cellphone in holistic manner (platform...). someone needs to make a difference rather than saying moore law in ever IDF (do not take me worng I have high respect for Gordon Moore).
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danny1024
11/19/2012 9:33 PM EST
Probably best not to have a customer-facing CEO who has a heavier accent than Shimon Peres.
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peter.clarke
11/19/2012 1:29 PM EST
Dadi Perlmutter, Renee James, Stacy Smith are likely internal candidates.
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resistion
11/19/2012 8:15 PM EST
Also Brian Krzanich, current COO? Although not as visible as Barrett or Otellini when they were COOs.
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yalanand
11/19/2012 11:06 PM EST
@peter any possible external candidates for this job ? What qualities/experience will the Intel look for in its next CEO ?
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peter.clarke
11/20/2012 5:12 AM EST
@yalanland
EE Times staff have a had look over the field in this story:
http://www.eetimes.com/electronics-news/4401757/Intel-s-CEO-search
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nc3
11/19/2012 2:50 PM EST
US Made - I also worked Intel and agree.
"Moore's Law" is not a business model but that has been Intel's plan under Otellini. Silicon technology keeps changing for no real benefit at communication SOC level. Intel silicon manufacturing also does not understand low cost.
My old Intel group still using foundry and would like to continue to use foundry rather than use Intel internal silicon.
Andy Bryant is just wrong when he says " Intel can meet (the mobile challenge) though its superior chip making technology" .
Otellini/Bryant just do not mobile SOC design and the failed high cost silicon strategy (copy exactly, design rule restrictions, Et cetra).
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danny1024
11/19/2012 9:35 PM EST
How important is comm SoC? There are dozens of good vendors out there. The Intel fabs are used to high margin and high volume manufacturing but with Intel Foundry I think change is coming.
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1-mobileman
11/19/2012 3:36 PM EST
Intel has been talking about a process technology lead for 15 years that would allow Intel to win the mobile market that has clearly not worked
See this 15 year old Intel propaganda
http://www.ece.umd.edu/courses/enee759h.S2003/references/Fazio_NVSMW_021703.pdf
Bryant again saying more of the same
http://blogs.barrons.com/techtraderdaily/2012/11/19/intel-chair-bryant-tried-to-get-otellini-to-stay-cherished-ceos-departure-a-hard-day/
"Otellini felt it was time to turn over the reins to a new generation as Intel admittedly faces challenges in the mobile computing arena — challenges, however, that Bryant feels Intel can meet through its superior chip-making technology."
Insanity to keep doing the same thing over and over and expect a different result.
Time for an outsider to clean house and install a new management team that understand what it takes to win in mobile.
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yalanand
11/19/2012 11:15 PM EST
@1-mobileman, true Intel lagged in mobile market. I really hope the next CEO of Intel will concentrate on this domain so that Intel can capture its lost ground in mobile moarket.
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sprite0022
11/19/2012 7:12 PM EST
ok,
I predicted this precisely last year. (check ee life, how long will intel last post)
anyone interested in stock advice msg me...
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yalanand
11/19/2012 11:15 PM EST
@peter
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yalanand
11/19/2012 11:15 PM EST
@sprite0022, how did you predict that he would retire next year ? Were there any early signs that he would retire ?
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sprite0022
11/20/2012 3:53 AM EST
@yalanand, very simple,
Robert noyce, moore, grove... all get phd in science from top tier college( mit, caltech).
the way Otelini look at a chip is just like a girl look at a shoe, he can't tell what's really driven it. all he know is how attractive it looks.
check ultrabook as a good example...
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peter.clarke
11/20/2012 5:17 AM EST
@sprite0022
Apple has made a good career out of making consumer electronics look seductively attractive, to the extent that many people would pay a premium to own Apple products.
That said, ultrabook is just the PC world catching up with thin light Mac computers, and not really a differentiator.
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sprite0022
11/20/2012 8:58 AM EST
lol, the difference is intel is a chip company instead of a PC company.
he need to make it faster, cheaper, cooler, more energy efficient etc.
Otellini apparently has no clue on any of these factors...
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chipmonk
11/20/2012 7:18 PM EST
well put
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agk
11/21/2012 6:05 AM EST
Being the CEO for Intel for 8 to 9 years is highly responsible and also fully loaded. People achieved their targets will always have the self satisfaction and they set an example to be followed by others.
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