Intel Corp.’s Brian Krzanich, a 32- year veteran of the chipmaker who was elevated to chief executive officer last May, saw his compensation last year drop 40 percent from 2012, when he received a large stock award.
Intel Corp. Chief Executive Officer Paul Otellini will retire in May, in a surprise move three years before mandatory retirement, after failing to equip the world’s largest semiconductor maker for a shift toward mobile devices and away from the personal computers it long dominated.
Intel Corp. Chief Executive Officer Paul Otellini said the company’s forecast for this quarter remains “right on,” as emerging economies and surging demand for data centers help make up for a personal-computer slowdown.
Intel Corp. hired Spencer Stuart & Associates Ltd. to help find its next chief executive officer, people with knowledge of the matter said, a sign that the chipmaker is seriously considering external candidates.
Intel Corp., seeking a replacement for departing Chief Executive Officer Paul Otellini, needs a candidate with credentials internal contenders lack: a record of success in the market for mobile-device semiconductors.