Intel CEO Paul Otellini to retire early
and iPhones and other popular mobile devices use competing technology from Britain's ARM Holdings Plc. We all know that everyone is using smartphones and tablets now. It's the era of Intel versus ARM, so it may be good to come in with some fresh blood and a new perspective, Evercore analyst Patrick Wang said.
Intel said it was promoting three executives to become executive vice presidents: Renee James, who is in charge of Intel software; Brian Krzanich, who is chief operating officer and oversees manufacturing; and Stacy Smith, chief financial officer and director of corporate strategy.
Smith, well-known by Wall Street, and Krzanich have in the past been viewed as potential CEOs.
There is a comfort level with Stacy (Smith), said Williams Financial analyst Cody Acree.
Krzanich, a three-decade Intel veteran, made a name for himself improving the efficiency of the chipmaker's cutting-edge factories. He was promoted to chief operating officer last March, effectively throwing him in the running for the post of CEO.
Analysts said James' focus on software instead of hardware made her less likely to be promoted to CEO.
Bryant pointed to Krzanich, Smith and James, as well as Intel Capital head Arvind Sodhani and Dadi Perlmutter, head of Intel's push into mobile, as important executives for Intel's future, according to Barron's.
END OF AN ERA
Since it was founded in 1968, Intel has promoted CEOs from within. But the increasing belief that the PC era, which Intel helped create, may be drawing to a close could explain Intel's
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