Intel CEO Paul Otellini retires and could be replaced by external candidate with mobile experience
Intel has confirmed that its chief executive officer Paul Otellini will retire in May, and as such the company will be considering both internal and external candidates for the position as it tries to shift focus to mobile development.
Traditionally Intel has promoted CEOs from within, but analysts have speculated that the increasing belief that the "PC era", which Intel helped create, is dying could lead Intel's board to choose an external candidate with experience in mobile.
Intel, which has been run by Otellini since 2005, has struggled to adapt its powerful PC processors to be used in smartphones and tablets that depend on batteries, resulting in the company seeing market share of less than 1 per cent of smartphones.
Intel also confirmed it would be promoting three executives to executive vice presidents. They are Renee James, who is in charge of Intel software; Brian Krzanich, who is chief operating officer and oversees manufacturing; and Stacy Smith, the chief financial officer and director of corporate strategy.