Intel Corporation announced today that the board of directors has unanimously elected Brian Krzanich as its next chief executive officer (CEO), succeeding Paul Otellini. Krzanich will assume his new role at the company’s annual stockholders’ meeting on May 16.
Krzanich, Intel’s chief operating officer since January 2012, will become the sixth CEO in Intel’s history. As previously announced, Otellini will step down as CEO and from the board of directors on May 16.
“After a thorough and deliberate selection process, the board of directors is delighted that Krzanich will lead Intel as we define and invent the next generation of technology that will shape the future of computing,” said Andy Bryant, chairman of Intel, in the press release. “Brian is a strong leader with a passion for technology and deep understanding of the business,” Bryant added. “His track record of execution and strategic leadership, combined with his open-minded approach to problem solving has earned him the respect of employees, customers and partners worldwide. He has the right combination of knowledge, depth and experience to lead the company during this period of rapid technology and industry change.”
“I am deeply honored by the opportunity to lead Intel,” said Krzanich in the release. “We have amazing assets, tremendous talent, and an unmatched legacy of innovation and execution. I look forward to working with our leadership team and employees worldwide to continue our proud legacy, while moving even faster into ultra-mobility, to lead Intel into the next era.”
The board of directors elected Renée James, 48, to be president of Intel. She will also assume her new role on May 16, joining Krzanich in Intel’s executive office.
“I look forward to partnering with Renée as we begin a new chapter in Intel’s history,” said Krzanich. “Her deep understanding and vision for the future of computing architecture, combined with her broad experience running product R&D and one of the world’s largest software organizations, are extraordinary assets for Intel.”
As chief operating officer, Krzanich led an organization of more than 50,000 employees spanning Intel’s Technology and Manufacturing Group, Intel Custom Foundry, NAND Solutions group, Human Resources, Information Technology and Intel’s China strategy.
James, 48, has broad knowledge of the computing industry, spanning hardware, security, software and services, which she developed through leadership positions at Intel and as chairman of Intel’s software subsidiaries — Havok, McAfee and Wind River. She also currently serves on the board of directors of Vodafone Group Plc and VMware Inc. and was chief of staff for former Intel CEO Andy Grove.
Source: Intel Corporation
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Intel needs to move out from under Ballmer’s sweaty embrace and “Think Different” by which I mean they need to embrace mobile more than they currently do.
Windows and the desktop PC business is definitely on the decline. Whether or not it’s a sunset business is hard to say but for sure growth will be muted going forward.
I think the old ways of doing business of waiting for a new release of Windows to boost PC and microprocessor sales is a dead end. I don’t see how Ballmer is going to be able to radically change Windows 8 such that consumers will adopt it in large numbers.
Sure, Windows licenses are being sold to corporations but is that just annual licensing fees or does that lead to further hardware sales. I think most enterprises are going to be a little reluctant to open their wallets and purchase new touchscreen PCs just to make Windows 8 run better. What is more likely to happen is that they’ll roll over the licensing fees to existing computers.
Intel needs to branch out and diversify into mobile computing. For that to happen they will have to talk to Apple about fabricating ARM CPUs based on Apple’s own designs.
I think Intel feels its Atom processors are still in with a chance of winning significant market share but I don’t see that happening any time soon in the next couple of years. So they’ll have to swallow their pride and make nice with Apple as a contracted fabrication facility.
With Paul Otellini (the CEO-Mafia) departure, will Brian Krzanich rule Intel like its predecessor with iron fist? or Will BK bring a much-needed breath of fresh air into Intel? Only time will tell…
my 2 cents…
Inasmuch as Ballmer’s mindset is geared towards ‘piling ’em high and selling ’em cheap’ to the detriment of user satisfaction, Intel’s mindset is x86 architecture in every PC and mobile device.
Windows is trapped in a vicious circle of building on legacy devices because only legacy devices gives them mass market appeal (aka Stockholm Syndrome) so they can’t move away from legacy devices without alienating a significant number of their user base. Microsoft is confronted by an incumbent’s dilemma: do we make a break from the past or do we rely on past performance as a guide to future performance.
Intel is trapped within the paradigm that anything that is not x86, they don’t want to know. How Intel can break free from this mindset will be a guide to its future.
But seeing that this guy is a 30 year veteran, he must have espoused the same Ballmerian logic to get to where he is. I don’t see change happening – it’s not on the cards.
One word. “Kodak”.
I used to work for Intel in “some capacity”, it’s such a great team to work with (not the company). On the corporate level, Intel tend to utilize “hire and dump” policy and they hired excessive amount of foreign engineers on the cheap then dump them soon after they show slim sign of W&T. However, Sr. Management tend to stick around for a very long time. (Does it sound like MSFT?)
Unless Intel do better job in talent retention (especially American talents), Intel might as well relocate it’s HQ or its Hillsboro sites to overseas such as India or Malaysia .
my 2 cents…
The Yahoo CEO is way hotter than that. This guy doesn’t even have breasts. At least Ballmer has that going for him.
Time for a Microsoft branded Man-Bra and personally endorsed by Uncle Fester himself!
I… hadn’t…. noticed.
I doubt Renée James looks anything like Marissa.
You’re right about that.
And who cares.
They have impressive technology but have kept the competition down with illegal and corrupt methods. Especially during the Pentium 4 days. Since that I have not bought any Intel CPUs except when I buy Macs because there I don’t have a choice sadly.