CIO Today

CIO Today Network Sites:   Top Tech News  |   CIO Today   |   Mobile Tech Today   |   Data Storage Today
Daily Briefing for Technology's Top Decision-Makers
Vblock™ Systems:
Advanced converged infrastructure
increases productivity & lowers costs.

www.vce.com
Thursday, April 17th 
The future of tape is here.
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Trending Topics:   Security Heartbleed Big Data Cloud Computing Windows XP Data Centers OS X Mavericks
Home
Enterprise Software
Enterprise Hardware
Big Data
Network Security
Cloud Computing
CRM Systems
Data Storage
Operating Systems
Communications
CIO Issues
Mobile Tech
Chips & Processors
World Wide Web
Business Briefing
After Hours
Press Releases
 
Free Newsletters
Top CIO News
 
Mobile Tech Today
 

Chips & Processors

Intel CEO Paul Otellini Retiring from Helm

Intel CEO Paul Otellini Retiring from Helm
November 19, 2012 11:16AM

Bookmark and Share
Intel CEO Paul Otellini generally receives high marks for streamlining the company's operations and cost structure, originating and launching the Ultrabook form factor and spec, increasing partnerships, and launching the first smartphones and tablets with Intel processors. Intel also dramatically improved the energy efficiency of its chips under Otellini.

Your Next Generation Data Center Is Here! Vblock™ Systems: the world's most advanced converged infrastructure are built on the Cisco Unified Computing System with Intel® Xeon® processors. Vblock™ Systems deliver extraordinary time to market, ROI and TCO, and flexibility to meet your continually changing demands with 5X faster deployment, 96% less downtime, and 1/2 the cost. Click here to learn more.

Intel CEO Paul Otellini, a major fixture in the technology universe, has announced that he will retire as a company officer and director. His retirement, scheduled for the stockholders' meeting in May, follows a career of nearly 40 years with the industry's dominant chipmaker.

Andy Bryant, chairman of the board, said in a statement that Otellini "has been a very strong leader," and noted that he has only been the fifth CEO in the company's 45 years of existence. The retirement date provides six months for a transition to a new CEO.

'New Generation'

For his part, Otellini, 62, told news media that, after nearly four decades with Intel, including eight years as CEO, "it's time to move on and transfer Intel's helm to a new generation of leadership."

Otellini's successor will find a rapidly changing environment in the semiconductor industry. Intel's profit in the third quarter fell 14 percent due to higher expenses and a drop in personal computers, as the industry moves toward mobile and Intel tries to compete in that space. Intel remains king for desktop and laptop PCs, whose lessening demand may pick up in response to the recent release of Windows 8.

His successor will also have a significantly large pair of shoes to fill. During the time he's been CEO -- from the second quarter of 2005 through the present -- the company has seen $107 billion in revenue from operations, distributed $23.5 billion in dividends, and increased the quarterly dividend 181 percent from $0.08 to $0.225. The company had record annual revenue and net income during this time, growing from $38.8 billion to $54 billion.

'Hand-Picked'

Otellini generally receives high marks for streamlining the company's operations and cost structure, originating and launching the Ultrabook form factor and spec, increasing partnerships, and launching the first smartphones and tablets with Intel processors. The company also achieved dramatic improvement in the energy efficiency of its processors, and such innovations as High-K/Metal gate and 3D Tri-gate transistors, during his tenure.

Laura DiDio, an analyst with Information Technology Intelligence Consulting, noted that Otellini had been "hand-picked" by the previous CEO, Craig Barrett, who himself had been hand-picked by the legendary trio that started the company -- Robert Noyce, Gordon Moore and Andy Grove.

She pointed out, unlike some recent, forced transitions in other companies, this one is "natural," as indicated by the fact that his departure is six months hence. DiDio expressed some surprise that the search will be both internal and external. She said that she thought "they'd already have someone in mind," although she did note that three new promotions could position their occupants for the top job at some point.

Along with the announcement of Otellini's retirement, Intel said it was promoting three executives to the position of executive vice president. These are Renee James, head of software, Brian Krzanich, COO and head of worldwide manufacturing, and Stacy Smith, CFO and director of corporate strategy.

Tell Us What You Think
Comment:

Name:



 Chips & Processors
1. Qualcomm Debuts New Snapdragons
2. Samsung Touts Graphene Breakthrough
3. Nvidia Launches New Products
4. Intel Acquires Basis Science
5. Intel Aims To 'Reinvent the Desktop'




 Most Popular Articles
1. BlackBerry Drops T-Mobile After Nasty Spat
2. Will Satya Nadella Launch an Office for iPad?
3. Google Unveils Android Wear for Smart Watches
4. Cisco, IBM Launch Internet of Things Consortium
5. IBM Applies Big Data Analytics To Fight Against Fraud

Have an informed opinion on this story?
Send a Letter to the Editor.
We want to know what you think.
Send us your Feedback.

 Related Topics  Latest News & Special Reports

  IBM Adds Disaster Recovery to SoftLayer
  Mark Hurd's 5 Keys to Market Success
  Amazon 3D Smartphone Pics Leaked
  Zebra Buys Motorola Enterprise Biz
  How To Beat the Heartbleed Bug

 Technology Marketplace

Business Intelligence
Get real-time, cloud-based information services with Neustar.
 
Cloud Computing
BMC's I.T. solutions unleash the power of your business
Next Generation Data Center Is Here! Vblock™ Systems from VCE
 
Contact Centers
HP delivers the future of the contact center with HP Qfiniti 10.
 
Data Storage
Next Generation Data Center Is Here! Vblock™ Systems from VCE
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
Barium Ferrite (BaFe) is the future of tape.
 
Enterprise Hardware
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
Barium Ferrite (BaFe) is the future of tape.
 
Enterprise I.T.
BMC's I.T. solutions unleash the power of your business
 
Hardware
Protect your network with APC Smart-UPS battery backup
 
Network Security
Protect your network with APC Smart-UPS battery backup
 

Network Security Spotlight
IBM Offers Security, Disaster Recovery as SoftLayer Service
New disaster recovery and security services for SoftLayer clients are being added by IBM. Big Blue said the new capabilities will speed cloud adoption by alleviating concern over business continuity.
 
How To Beat the Heartbleed Bug
Heartbleed headlines continue as IT admins scramble for answers no one has. Early reports of stolen personal data, including 900 social insurance numbers in Canada, are starting to trickle in.
 
After Heartbleed, OpenSSL Calls for More Support
The president of the OpenSSL Foundation says more support is needed from companies and governments that use its software so that it can better spot and fix flawed pieces of code such as Heartbleed.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Amazon 3D Smartphone Pics Leaked
E-commerce giant Amazon is reportedly set to launch a smartphone after years of development. Photos of the phone, which may feature a unique 3D interface, were leaked by tech pub BGR.
 
Zebra Tech Buys Motorola Enterprise for $3.45B
Weeks after Lenovo bought Motorola Mobility’s assets from Google for $2.91 billion, Zebra Technologies is throwing down $3.45 billion for Motorola’s Enterprise business in an all-cash deal.
 
CTIA Caves, Volunteers Kill Switch Plan
After bucking against the concept of a smartphone kill switch, the CTIA just announced the “Smartphone Anti-Theft Voluntary Commitment” to thwart smartphone thefts in the U.S.
 

Navigation
CIO Today
Home/Top News | Enterprise Software | Enterprise Hardware | Big Data | Network Security | Cloud Computing | CRM Systems
Data Storage | Operating Systems | Communications | CIO Issues | Mobile Tech | Chips & Processors | World Wide Web
Business Briefing | After Hours | Press Releases
Also visit these Enterprise Technology Sites
Top Tech News | CIO Today | Mobile Tech Today | Data Storage Today

Services:
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About CIO Today Network | How To Contact Us | Article Reprints | Services for PR Pros (In partnership with NewsFactor) | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 CIO Today. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.