Intel Names Krzanich as New CEO

Paul Otellini, who is now the former CEO of Intel, had decided to step as CEO. He had been CEO of the chip manufacturing company for eight years and Brian Krzanich is set to take over his position. Krazanich who was the chief operating officer since January of last year and had been working for Intel for about 30 years. He will take over the position during their company’s shareholders meeting. 

This move came after the company reported drops in both net income and in revenue for their first quarter of 2013. The company will also name a new President in effect for May 16th. Their new president, Renee James, who had also taken leadership positions in Intel. Seeing these promotions of Intel, it’s easy to see that most companies usually promote from within the company and in order to move up in the career ladder, it is important for us to start early in taking leadership positions and be as involved as we could.

-Derby Ng

http://online.wsj.com/article/SB10001424127887324766604578458650267324178.html?mod=WSJ_business_whatsNews

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