CHIPMAKER Intel has promoted eight of its senior executives ahead of outgoing CEO Paul Otellini's departure.
Last year Intel announced that Otellini will be leaving the company in May, concluding what is generally regarded as a successful tenure leading the chipmaker. Now the firm's top brass have been jockeying for position, with eight senior executives being promoted closer to the CEO's chair.
High profile executives Diane Bryant and Kirk Skaugen have been promoted to SVP roles, while other executives that have given decades of service to Intel such as William Holt, Sohail Ahmed and Michael Mayberry have been promoted to executive VP, SVP and corporate VP roles, respectively. Thomas Kilroy becomes an executive VP while Jonathan Khazam and Kimberly Steveson will now hold corporate VP positions.
Otellini's coming departure has left many wondering who will take the top job at Intel, and the promotions continue to suggest that the appointment will be an internal one. Bryant in particular and has been with the company for 28 years and mentioned for the top job, and her Datacenter and Connected Systems Group continues to perform for the chipmaker.
Intel's recent financial results left Wall Street wondering why the firm needs to spend so much on fabrication plants, something Otellini's successor will have to educate bankers about. Although the company said that it would look at external candidates, most industry watchers and Otellini himself believe that Intel's culture makes an internal appointment the best choice.
While Intel's eight newly promoted senior executives might all be closer to the CEO seat at the boardroom table, most if not all of them will know who has been selected to lead Intel before Otellini leaves in four months. µ