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Intel Begins External Hunt for Otellini Replacement

By - Source: Bloomberg | B 21 comments

Intel may be looking outwards for its next CEO.

Bloomberg reports that Intel has hired on Spencer Stuart & Associates Ltd. to help the company find a replacement chief executive officer. The news stems from unnamed sources "close to the matter" and indicates that the chip giant may be looking beyond its walls to find a replacement before May.

Sources claim that potential internal successors to current CEO Paul Otellini include Chief Operating Officer Brian Krzanich, Chief Financial Officer Stacy Smith and software head Renee James. They also note that Intel has never filled its top post with an executive from the outside since the company was founded in 1968.

“No candidate has the inside track, and the board will be equally looking at internal and external candidates,” Laura Anderson, a spokeswoman for Intel, told Bloomberg yesterday. "The decision process will be the same for all of them. A board would not be fulfilling its responsibilities if it did not seek insight on talent available inside and outside the company."

Otellini said back in early December that the company will likely pick someone from the inside. Sources even said that the chip giant was leaning towards internal candidates including those previously mentioned. Even more, Intel named Krzanich, Smith and James as primary candidates when it announced Otellini's planned retirement back in November.

But it is possible Intel is now looking to fill the top spot with someone new from the outside because Intel failed to make headway in mobile computing under the current management. In an era where consumers are moving to smartphones, tablets and other high-performance mobile form factors, an outsider familiar with this lucrative sector could prove to be more alluring to investors.

For a while, insiders believed that Kraznich would have the upper hand as the company's new CEO because he has deep knowledge of Intel's manufacturing options. But over the last few months, reports have surfaced that the company's board may not be happy with the internal options. Now Intel has supposedly hired on Spencer Stuart & Associates to find what could be the company's very first CEO hired on from the outside.

 

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  • 5 Hide
    alidan , February 13, 2013 9:41 PM
    im willing to try, whats the worst i could do?
  • 5 Hide
    s3anister , February 13, 2013 9:47 PM
    alidanim willing to try, whats the worst i could do?

    Beat me to it lol
  • 2 Hide
    master_chen , February 13, 2013 10:07 PM
    Pick me and I'll show you how to burn this world. %)
    MUAHAHAHAHAH!!!!

    P.S. Oh god, please, not Kaz...anyone but Kaz!!11
  • 4 Hide
    plznote , February 13, 2013 10:19 PM
    Arnold Schwarzenegger
  • 8 Hide
    master_chen , February 13, 2013 10:27 PM
    Quote:
    Arnold Schwarzenegger


    And thus the SkyNet i3 was made....: Socket "SkyNet KAH" (Kill All Humans), 2nm, 6.9GHz Stock (8.8GHz with "Turbo Boost 8.0"), TDP 360W, 64 Cores, 128 Threads.
  • 3 Hide
    kitsunestarwind , February 14, 2013 12:50 AM
    Surely intel has some in house talent
  • 3 Hide
    f-14 , February 14, 2013 1:13 AM
    the only exterior choices i could see would be first from some APU exec then somebody inhouse, then somebody from IBM or AMD then some Telecom or G.E.

    but if they want to keep and maximize the outrageous price extortion they should hire any of the jerks at apple.
  • 1 Hide
    Kami3k , February 14, 2013 1:16 AM
    You know, have to give props to Intel for making it's leadership from those who actually worked in the company.

    As I've said before, it seems like too many times there is a royalty about executives who seem to jump from company board to company board every few years. Of course getting millions in severance pay no matter their performance.
  • 3 Hide
    madjimms , February 14, 2013 1:18 AM
    Hire some fresh MIT "kids" that have fresh ideas.
  • -2 Hide
    master_chen , February 14, 2013 1:54 AM
    For some reason, why do I feel like Intel's going to go this road in the next 5~8 years?.... :\
  • 1 Hide
    alextheblue , February 14, 2013 4:02 AM
    kitsunestarwindSurely intel has some in house talent
    When you're doing as well as Intel is, you need to change direction for no reason. Hire some dumb a-hole, and have him fill the company with morons with bad ideas. It's business, you wouldn't understand.

    (Yes, I also think the practice of many businesses hiring outside when suitable loyal candidates are available in-house is pretty annoying)
  • 0 Hide
    ojas , February 14, 2013 4:06 AM
    Meh i hope they chose an inside person...COO probably.
  • 0 Hide
    ojas , February 14, 2013 4:06 AM
    also, misleading title is misleading.
  • 0 Hide
    Soda-88 , February 14, 2013 4:08 AM
    Please be someone who won't force desktop CPUs into BGA package -.-
  • 1 Hide
    silverblue , February 14, 2013 6:44 AM
    Hector Ruiz.

    Sorry, couldn't resist.
  • 1 Hide
    master_chen , February 14, 2013 8:02 AM
    Quote:
    Hector Ruiz.



  • 2 Hide
    digiex , February 14, 2013 11:37 AM
    Resume e-mailed.
  • 0 Hide
    jn77 , February 14, 2013 12:34 PM
    I should submit my resume to. Its the people they least suspect that would make the biggest difference in the world...... don't bring in another career ceo that does the same stuff a different way. Things need to be done a different way to fix the problem.
  • 0 Hide
    Anonymous , February 14, 2013 1:39 PM
    How about someone who can write good graphics drivers, someone who can make the laptop OEMs keep their customizied Intel HD graphcs drivers updated! My Toshiba, 3 years old, never had a Intel HD graphics driver update. my Samsung, 7 Mo old, no Intel Hd graphics driver update! My ASUS laptop, just got a new HD graphics driver update on the 13th through windows update, Tank You ASUS. What is the problem with not being able to tell if the laptop you are looking to buy has Genaric Intel HD graphics Drivers or Not, should Intel be required to place a sticker somewhere on the laptop that says Genaric Intel HD graphics driver software installed, beacuse the software at the Intel HD graphics diiver update website needs administrator permission to do so, not very likely that the sales person is going to allow this at the local Best Buy! I have 2, 3d graphics programs, that have never worked properly on the Toshiba, dew to lack of Intel HD graphics driver updates, Thankfully the Samsung was a more recent purchase, and the drivers do work with my software, FOR NOW, but Samsung is like Toshiba, crappy OEM system software, and no HD graphics driver updates. My Asus laptop is the only computer that get updates, and it has Genaric Intel HD graphics driver software!
  • 2 Hide
    dalethepcman , February 14, 2013 8:43 PM
    They should hire Balmer. I hear he might be in the market for a new job soon and AMD could use a little breathing room.
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