Intel’s Former CEO Paul Otellini Dies At 66
Paul Otellini, who served Intel for over 40 years and shouldered responsibility as the company’s chief executive from 2005 to mid-2013, which also marks his retirement, passes away in his sleep on Monday at the age of 66.
Otellini became Intel’s fifth chief executive officer in 2005. Under his leadership, the company made important strategic, technological and financial gains. These included transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession. Other accomplishments included signing on notable new customer engagements, such as winning the Apple PC business, and business partnerships and strategic acquisitions that expanded Intel’s presence in security, software, and mobile communications.
On the financial front, Intel generated more revenue during his eight-year tenure as CEO than it did during the company’s previous 45 years. In the last full year before he was named CEO, Intel had $34 billion in sales; by 2012, the number had grown to $53 billion, the company said in a statement.
“We are deeply saddened by Paul’s passing,” Intel CEO Brian Krzanich said. “He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first.”
From 1990 to 2002, Otellini held various positions at Intel, including executive vice president and general manager of the Intel Architecture Group, responsible for the company’s microprocessor and chipset businesses and strategies for desktop, mobile and enterprise computing, as well as executive vice president and general manager of the Sales and Marketing Group. He also served as the chief operating officer from 2002 to 2005.
“Paul’s business acumen, optimism, and dedication fueled our growth throughout his tenure as CEO,” Intel Chairman Andy Bryant said. “His tireless drive, discipline and humility were cornerstones of his leadership and live on in our company values to this day.”
Since he retired in 2013, Otellini dedicated time to mentoring young people and being involved with several philanthropic and charitable organizations, including the San Francisco Symphony and San Francisco General Hospital Foundation.
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