Intel CEO Paul Otellini retiring

Intel CEO Paul Otellini retiring

Intel's CEO Paul Otellini plans to retire in May after almost 40 years.

Intel Corp. said Monday that its board -- headed by longtime Oregon executive Andy Bryant -- will look at company executives as well as external candidates to replace Otellini. He has been head of the world's largest chip-maker for eight years.

“After almost four decades with the company and eight years as CEO, it’s time to move on and transfer Intel’s helm to a new generation of leadership," Otellini said in a written statement. "I look forward to working with Andy, the board and the management team during the six-month transition period, and to being available as an advisor to management after retiring as CEO.”


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