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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im willing to try, whats the worst i could do?Reply
alidanim willing to try, whats the worst i could do?Beat me to it lolReply
Pick me and I'll show you how to burn this world. %)Reply
P.S. Oh god, please, not Kaz...anyone but Kaz!!11
10436201 said: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.
Surely intel has some in house talentReply
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.Reply
but if they want to keep and maximize the outrageous price extortion they should hire any of the jerks at apple.
You know, have to give props to Intel for making it's leadership from those who actually worked in the company.Reply
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.
Hire some fresh MIT "kids" that have fresh ideas.Reply
For some reason, why do I feel like Intel's going to go this road in the next 5~8 years?.... :\Reply