Intel hires firm to find CEO candidates

Intel hires firm to find CEO candidates

Intel hired Spencer Stuart & Associates to help find its new CEO, indicating that the company is seriously considering external candidates.

Potential internal successors to CEO Paul Otellini, who will retire in May, include Chief Operating Officer Brian Krzanich, Chief Financial Officer Stacy Smith and software head Renee James, according to two other people, who asked not to be named because the search is private. Intel, founded in 1968, has never filled its top post with an executive from outside.

“No candidate has the inside track, and the board will be equally looking at internal and external candidates,” Laura Anderson, a spokeswoman for Santa Clara, California-based Intel, said yesterday. “The decision process will be the same for all of them. A board would not be fulfilling its responsibilities if it did not seek insight on talent available inside and outside the company.”


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