Intel CEO Paul Otellini to retire in May 2013

It's the end of an era at PC processor maker Intel, or rather it will be in a few months. The company announced this morning that its current president and CEO, Paul Otellini, will retire in May 2013. He first joined Intel in 1974 and became its CEO in 2005.

Intel's press release points out that Otellini is only the fifth CEO in the 45 years Intel has been in operation, and during his tenure in the company's top spot, Intel has achieved both record revenues and profits.

Intel says that the six months between now and Otellini's retirement will allow the company to conduct an "orderly transition" to find someone to take over the job of chief executive. The press release added, "The board of directors will conduct the process to choose Otellini’s successor and will consider internal and external candidates for the job." Otellini will remain an advisor to Intel after he leaves the company.

Earlier this year, reports came in that Otellini privately told a number of Intel employees that Windows 8 was not yet ready, but that Microsoft would make improvements to the software. Intel said later that the reports were "unsubstantiated."

Source: Intel | Image via Intel

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12 Comments

The speculation as to why Otellini is leaving has already begun - the hot rumor is that Otellini is leaving due to not having a CPU fit for smartphones and/or tablets (Dow Jones via CNBC).

PGHammer said,
The speculation as to why Otellini is leaving has already begun - the hot rumor is that Otellini is leaving due to not having a CPU fit for smartphones and/or tablets (Dow Jones via CNBC).

That doesn't make much sense, given that Medfield is competitive on the smartphone side and Clover Trail running on Windows 8 is handily outperforming the Windows RT tablets that are currently out there while matching them on battery life.

PGHammer said,
The speculation as to why Otellini is leaving has already begun - the hot rumor is that Otellini is leaving due to not having a CPU fit for smartphones and/or tablets (Dow Jones via CNBC).

My RAZRi begs to differ... such a great phone and battery lasts quite long

sanke1 said,
Wassup with CEO's and VP's being fired left and right these days? What next? Eric Schmidt stepping down?

schmidt already has? he's just an advisor to larry page who's the CEO.

sanke1 said,
Wassup with CEO's and VP's being fired left and right these days? What next? Eric Schmidt stepping down?

Haha, WHAT?!

I hope you're kidding man, otherwise you're in for a surprise.

GS:mac

sanke1 said,
Wassup with CEO's and VP's being fired left and right these days? What next? Eric Schmidt stepping down?

retiring != firing

or you know... the guy could just want to RETIRE! he's freaking rich and never has to work a day again in his life if he wants to..

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