Intel Corp. announced Monday that chief executive Paul Otellini would retire in May, opening the door to new leadership as the semiconductor giant shifts its focus to mobile devices.
Paul Otellini displays a new Intel product at the 2012 International Consumer Electronics Show in Las Vegas. The computer chip giant has announced that chief executive Otellini will retire in May, and that a search for a new CEO is underway.
The announcement of the departure of Otellini, 62, came as a surprise, and analysts said it could help the world's biggest chipmaker navigate a new tech landscape.
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