Intel Names Brian Krzanich To Succeed Otellini As CEO

Intel announced on Thursday that it has named Brian Krzanich to succeed Paul Otellini as the company's new chief executive officer, effective May 16.

Its board of directors unanimously elected Krzanich, who has served as the company's chief operating officer since 2012 and first joined the company in 1982, to become Intel's new CEO.

"Brian is a strong leader with a passion for technology and deep understanding of the business," said Andy Bryant, chairman of Intel, in a statement. "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."

The board of directors also elected Renee James to be president of Intel. She will also assume the new role on May 16.

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image: © Lisamarie Babik