Here's Why Intel President And Others Exit
Intel President Renée James will step down in January to pursue a CEO role in some other firm. Many thought James as a potential CEO for the chipmaking company. Besides her leadership excellence and long tenure in Intel, why she will always be remembered by all is the fact that she’s spearheading an effort to bring more women into engineering and tech roles at the company.
James joined Intel in 1987 as a product manager and worked her way up the ladder to executive vice president of software and services before being named president in May, 2013. This was on the same day the company appointed Brian Krzanich, another company long-timer, as CEO, replacing Paul Otellini. James and Krzanich thus became Intel’s “two-in-a-box” leadership team.
She has also worked under Intel’s famed CEO Andy Grove. During her 28 years at Intel, James has held roles of executive vice president and general manager of the software and services group and COO of the chipmaker’s online services, data center services business among others, according to the company’s website.
While the real reason for her exit is not known, there is no doubt that the chip-making giant is undergoing massive shakeups in recent times.
Intel also announced the departure of Arvind Sodhani, the president of its venture capital arm. Sodhani would retire in January, handing over the reins to Wendell Brooks, president of mergers and acquisitions. Sodhani, whose career with the company spans 34 years, is a vice president too. ”I have been a financial investor all my professional life, and that will most likely not change,” he told Reuters.
As part of efforts to streamline functions, Krzanich said, Intel’s venture capital operations after Sodhani’s departure would be headed by Wendell Brooks, who would also continue to serve as president of mergers and acquisitions.
On July 1, the company’s security products organization, which was operated as an independent division since the acquisition of software maker McAfee, was formally integrated into Intel’s operations under general manager Chris Young, said a WSJ report.
In another development, Josh Walden, General Manager of Intel’s new technology group, would lead all product and research teams related to new technology categories, such as wearable and interactive computing devices.
Hermann Eul and Mike Bell, two executives whose responsibilities had been changed in recent reorganizations, also would leave the company, Intel said. Eul joined Intel following its 2011 acquisition of mobile chip operations from Infineon Technologies AG. He and Bell, a former executive at such companies as Apple, later jointly led mobile chip operations at Intel before Bell began leading efforts in wearable devices.
Intel is undergoing much transition in recent years. It recently announced plans for layoffs, to draw down expenses and trim overall costs. The company has been duly affected by weaker PC sales as consumers increasingly turn to mobile gadgets as their primary devices. Intel has also failed to build a compelling chip for the upcoming wave of battery-powered connected devices that are proliferating in the so-called Internet of things.
The company is currently doubling down on the data center market and it also giving its wearable technology a push. It has also agreed to purchase Altera, a custom-chip maker, for $16.7 billion last month.
The company’s transition is indeed something to watch out for in the coming months. But more than that it would be interesting
- How Digital Platforms Are Helping Real Estate Business
- Robosoft Technologies Appoints Ravi Teja As New CEO
- Tele-Health To Bolster Home Healthcare Services
- How AI Is Fueling Customer Experience Strategies
- Myriad Possibilities Of The Application Economy
- Intel Imparts AI Training To 9,500 Techies
- Keysight Gears Up For 5G, High-Speed Datacenters In India
- How Algorithms Are Revolutionizing Lending Business
- Intel’s Former CEO Paul Otellini Dies At 66
- Oracle's Thomas Kurian Outlines Future Of Enterprise Cloud