Intel Corp. announced Thursday that the board of directors has unanimously elected Brian Krzanich as its next chief executive officer (CEO), succeeding Paul Otellini. Mr. Krzanich will assume his new role at the company’s annual stockholders’ meeting on May 16. Separately, the board of directors elected Renée James to be president of Intel.
“After a thorough and deliberate selection process, the board of directors is delighted that Krzanich will lead Intel as we define and invent the next generation of technology that will shape the future of computing,” said Andy Bryant, chairman of Intel.
Brian Krzanich will become the sixth CEO in Intel’s history. As previously announced, Paul Otellini will step down as CEO and from the board of directors on May 16.
Mr. Krzanich has progressed through a series of technical and leadership roles at Intel, most recently serving as the chief operating officer (COO) since January 2012. As COO, his responsibilities included leading an organization of more than 50 000 employees spanning Intel's technology and manufacturing group, Intel Custom Foundry, supply chain operations, the NAND solutions group, human resources, information technology and Intel's China strategy.
His open-minded approach to problem solving and listening to customers' needs has extended the company's product and technology leadership and created billions of dollars in value for the company. In 2006, he drove a broad transformation of Intel's factories and supply chain, improving factory velocity by more than 60% and doubling customer responsiveness. Mr. Krzanich is also involved in advancing the industry's transition to lower cost 450mm wafer manufacturing through the Global 450 Consortium as well as leading Intel's strategic investment in lithography supplier ASML.
“I am deeply honored by the opportunity to lead Intel. 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,” said Mr. Krzanich.
Prior to becoming COO, Brian Krzanich held senior leadership positions within Intel's manufacturing organization. He was responsible for Fab/Sort manufacturing from 2007-2011 and assembly and test from 2003 to 2007. From 2001 to 2003, he was responsible for the implementation of the 0.13-micron logic process technology across Intel's global factory network. From 1997 to 2001, Krzanich served as the Fab 17 plant manager, where he oversaw the integration of Digital Equipment Corporation's semiconductor manufacturing operations into Intel's manufacturing network. The assignment included building updated facilities as well as initiating and ramping 0.18-micron and 0.13-micron process technologies. Prior to this role, Mr. Krzanich held plant and manufacturing manager roles at multiple Intel factories.
The new CEO of Intel began his career at Intel in 1982 in New Mexico as a process engineer. He holds a bachelor's degree in Chemistry from San Jose State University and has one patent for semiconductor processing. Krzanich is also a member of the Board of Directors of Lilliputian Corporation and the Semiconductor Industry Association.
“Brian is a strong 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. He has the right combination of knowledge, depth and experience to lead the company during this period of rapid technology and industry change,” added Mr. Bryant.
The board of directors elected Renée James, 48, to be president of Intel. She will also assume her new role on May 16, joining Krzanich in Intel’s executive office. Ms. James has broad knowledge of the computing industry, spanning hardware, security, software and services, which she developed through leadership positions at Intel and as chairman of Intel’s software subsidiaries – Havok, McAfee and Wind River. She also currently serves on the board of directors of Vodafone Group Plc and VMware and was chief of staff for former Intel CEO Andy Grove.
"I look forward to partnering with Renée as we begin a new chapter in Intel’s history. Her deep 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,” said Mr. Krzanich.