Sunday, 25 November 2012 03:32

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Intel CEO to Retire Earlier than Expected; Successor Not Named Yet

Intel’s President and CEO Paul Otellini, 62, who has been on the job for eight years, will be retiring as an officer and director of the company in May, next year, with years to go before reaching the company's mandatory retirement age of 65. A successor has not been named yet. The company is going to consider both internal and external candidates in a transition expected to last six months.

Otellini was promoted to CEO role in 2005 from being the COO of the company. Prior to that, he served as EVP and General Manager of the then Intel Architecture Group and Sales and Marketing Group, General Manager of the Microprocessor Products Group, assistant to former Intel President Andy Grove, General Manager of Intel's Folsom Microcomputer Division and Peripheral Components Operation, beginning at Intel in 1974.

He serves on the board of Google. He is also a member of President Barack Obama's Council on Jobs and Competitiveness, and a member of Change the Equation, a CEO-led initiative to move the U.S. to the top of the pack in science and math education over the next decade.

Read 5211 times Last modified on Sunday, 25 November 2012 03:39
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com/

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