SANTA CLARA, Calif. -- In what could signal as the changing of the guard at Intel Corp., the chip giant here today named microprocessor chief Paul Otellini as its new president and chief operating officer.
A 28-year veteran of Intel, Otellini assumes the title of president from Craig Barrett, who will remain CEO of the company. In addition, Otellini will join Barrett in a new, two-person "Executive Office" at the Santa Clara-based chip giant.
Since 1998, Otellini served as executive vice president and general manager of the Intel Architecture Group, responsible for the company's $21 billion microprocessor and chipset businesses.
In his new role, Otellini will be responsible for overseeing Intel's internal operations, focusing on the development and delivery of new products and technologies, and the driving the efficiency of the company's business.
Barrett will still in charge of corporate strategy and long-range planning, according to Intel.
With the surprising move, analysts believe that Otellini is being groomed to take the CEO post at Intel--at least over time. While Barrett is still in charge of Intel, Otellini is quickly gaining more responsibilities at the company.
"As Intel's silicon products span beyond PCs and servers to communications, the job of keeping Intel at the competitive forefront with customers, the industry and government, and in internal operations has grown," Barrett said.
"The breadth and depth of Paul's experience certainly qualify him to take responsibility for Intel's internal operational excellence," Barrett said. "He headed our core microprocessor products business for the last four years after leading sales and marketing worldwide for five years, in addition to holding key product development and finance roles," he added.
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