Intel’s CEO takes control of chip division amid mobile push

May 20, 2013

SAN FRANCISCO, California — Intel Chief Executive Officer Brian Krzanich, trying to speed up the company’s push into mobile markets, has taken direct control of the division that is responsible for designing chips.

The former factory manager, promoted to the company’s top job last week, now has the Intel Architecture Group reporting directly to him, Intel said Tuesday in a regulatory filing. Under former CEO Paul Otellini, the unit was run by David Perlmutter, who will now lead a “management transition effort.”

Intel will accelerate a push to get its chips used by makers of smartphones and tablets, Krzanich told Intel shareholders at the annual meeting last week, when he became CEO. He takes over as the company struggles to cut into Qualcomm Inc.’s lead in the $85.4 billion mobile-chip market.

“These changes reflect the imperatives that Brian outlined last week at the stockholder meeting,” said Chuck Mulloy, a spokesman for the Santa Clara, Calif.-based company. “They are designed to clarify management roles and accelerate Intel’s market performance.”

Newly promoted President Renee James will oversee Intel’s manufacturing operations. Mike Bell, co-leader of the company’s mobile-phone chip business, is being moved to a new position where he will be responsible for “new devices,” according to Mulloy. Vice President Hermann Eul will continue on as head of the mobile and communications group that Bell is leaving.

Chief Financial Officer Stacy Smith, who reports to Krzanich, has been given additional responsibility for Intel Capital and the company’s internal use of information technology.

Intel shares advanced less than 1 percent to $24.15 at the close New York, leaving them 17 percent higher this year.

© 2013, Bloomberg News

Facebook Comments

You may be interested

UN Committee Against Torture concerned by prison overcrowding in Costa Rica
Prisons
454 views
Prisons
454 views

UN Committee Against Torture concerned by prison overcrowding in Costa Rica

Luis Fernando Cascante / Semanario Universidad - March 20, 2019

A United Nations committee expressed its concern regarding the high rate of incarceration in the country's prisons. The committee in…

The Tico Times on Radio Dos: Community organizes to fight fires
The Tico Times
2938 views
The Tico Times
2938 views

The Tico Times on Radio Dos: Community organizes to fight fires

The Tico Times - March 20, 2019

Did you hear The Tico Times on Radio Dos this morning? The Tico Times has teamed with Radio Dos to…

Venezuelan diplomat in Costa Rica accuses Guaidó-appointed ambassador of usurping embassy
Costa Rica
649 views
Costa Rica
649 views

Venezuelan diplomat in Costa Rica accuses Guaidó-appointed ambassador of usurping embassy

AFP and The Tico Times - March 20, 2019

The diplomatic representation of Venezuela in Costa Rica accused in court the ambassador appointed by Juan Guaidó of usurpation after…