Intel CEO Paul Otellini to retire in surprise move

FILE - In this Tuesday, Jan. 10, 2012, file photo Intel president and CEO Paul Otellini speaks during his keynote address at the 2012 International CES tradeshow, in Las Vegas. Intel says its CEO, Paul Otellini, plans to retire in May 2013 after nearly 40 years with the company. Intel's board will look at company executives as well as external candidates to replace Otellini, and on Monday promoted three executives to executive vice president. (AP Photo/Julie Jacobson, File)Intel CEO Paul Otellini dropped a bombshell on the company's board of directors last week, telling them in private that he plans to retire from the world's largest maker of microprocessors in May. Otellini's move comes at a time when Intel faces a shaky economy and a mobile gadget craze that is eating away at demand for its PC chips —and it gives the company just six months to find a new leader.


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