Intel processors are displayed at a store in Seoul June 21, 2012. Samsung Electronics, already a world leader in TVs and smartphones, is taking the fight to Intel Corp for the No.1 slot in semiconductors, betting on strong growth in so-called logic chips
Intel CEO to step down in May
Posted : Monday, 19 November 2012 09:15AM
(Reuters) - Chipmaker Intel Corp said on Monday that its chief executive Paul Ottelini would retire in May at its annual shareholder meeting.
The 62-year-old Ottelini was the fifth CEO of the company, stepping into the post in the second quarter of 2005.
Intel's board of directors said it would consider internal and external candidates to be the next CEO. It said in a statement that it expected its "leadership transition" would last six months.
(Reporting By Liana B. Baker; Editing by Gerald E. McCormick)
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