CHIPMAKER Intel is looking for another CTO after Justin Rattner has been forced to stand down after reaching age 65.
Intel's company policy is that no employee over the age of 65 can hold a corporate officer position. That means the company has to replace its CTO, with Rattner taking personal leave and the firm finding another position for him when he returns.
Rattner became Intel's CTO after his colourful predecessor Pat Gelsinger left the firm to try his hand elsewhere, eventually landing the CEO job at VMware. He has been one of the most visible of Intel's executives, giving many speeches and talking at length about the work of Intel's research labs.
Intel said that its research division known as Intel Labs will report to Renee James, the newly promoted president of the company, until a replacement for Rattner is found. The firm spent the past week at an event in San Francisco talking up the work being done by its research division, and one wonders if the announcement was brought forward due to Rattner's personal leave.
Intel's policy of not allowing executives to hold corporate officer positions after the age of 65 is well known and Rattner standing down is far less of surprise than Paul Otellini's decision to leave as CEO at the age of 62.
The firm made it clear that Rattner will be returning to the firm at a later date but did not say when or what position it will create for him. µ
Plus the cost of ambition as moonshots eat into the coffers
Spoiler alert: it's probably VeriSign
Did we say cuts off? We meant traps them inside their own home