Intel appoints Brian Krzanich as CEO and Renée James president

Infotech Lead India: Intel has elevated Brian Krzanich as the new CEO and appointed Renée James as the president.

Renée James, 48, will assume her new role on May 16, joining Krzanich in Intel’s executive office.

Joined the chip major in 1982 and worked in several leading positions, Brian was the company’s COO — since January 2012 — before appointing as the new CEO.

Brian, who will become the sixth CEO in Intel’s history, will replace Paul Otellini on May 16.

Interestingly, Intel did not look outside to replace Paul.

Both the appointments are expected to strengthen Intel’s financial positions. In 2012, Intel posted revenue of $53.3 billion, down 1.2 percent. Intel’s net income dipped 16 percent to $11 billion.

For the fourth quarter, Intel posted revenue of $13.5 billion, operating income of $3.2 billion and net income of $2.5 billion.

“We have amazing assets, tremendous talent, and an unmatched legacy of innovation and execution. I look forward to working with our leadership team and employees worldwide to continue our proud legacy, while moving even faster into ultra-mobility, to lead Intel into the next era,” Brian said on Thursday.

Andy Bryant, chairman of Intel, said: “Brian is a leader with a passion for technology and deep understanding of the business. His track record of execution and strategic leadership, combined with his open-minded approach to problem solving has earned him the respect of employees, customers and partners worldwide.”

Renee’s understanding and vision for the future of computing architecture, combined with her broad experience running product R&D and one of the world’s largest software organizations, are extraordinary assets for Intel.

As COO, Brian led an organization of more than 50,000 employees spanning Intel’s Technology and Manufacturing Group, Intel Custom Foundry, NAND Solutions group, Human Resources, Information Technology and Intel’s China strategy.

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