Intel names COO Brian Krzanich to be its new CEO

In November, Intel's current CEO Paul Otellini announced he would be retiring in May but will still available to Intel as an adviser. At the time, Intel said it would consider both internal and external candidates for the CEO gig. Today, the company revealed its choice and it didn't have to go very far to find its sixth leader in 45 years.

Intel's press release announced that current chief operating officer, Brian Krzanich, will be taking over as CEO on May 16th. Krzanich has been with Intel for over 30 years in a variety of positions and was named COO in January 2012. Intel also announced that Renée James, who previously was in charge of Intel's software divisions like Havok and McAfee, will become Intel's new President.

The changes in Intel's leadership come at a true crossroads for the processor maker. With shipments of PCs on the decline worldwide, the famous "Wintel" powerhouse of Intel and Microsoft's Windows OS is not as prominent as it has been in the past. Intel is trying to branch out as it makes chips for smartphones and Intel has also confirmed that it wants its upcoming Bay Trail processor inside Android-based tablets and convertibles in addition to Windows 8 devices.

Source: Intel | Image via Intel

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