Intel CEO Retiring After Sluggish Shift to Post-PC Era
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Intel Corp. Chief Executive Officer Paul Otellini will retire in May, in a surprise move three years before mandatory retirement, after failing to equip the world’s largest semiconductor maker for a shift toward mobile devices and away from the personal computers it long dominated.
The board will consider internal and external candidates to replace him, Intel said today in a statement. The company has never chosen an outside CEO. It’s leaning toward executives from within, according to people familiar with the planning who asked not to be named because the search is private.