Paul S. Otellini, 1950 2017

 weSRCH's Best of the Internet Award
  3rd-Oct-2017
 162

Paul-Otellini

SANTA CLARA, Calif., Oct. 3, 2017 – Intel Corporation today announced that the company's former CEO Paul Otellini passed away in his sleep Monday, Oct. 2, 2017, at the age of 66.

Paul Otellini became Intel's fifth chief executive officer in 2005. Under his leadership the company made important strategic, technological and financial gains. These included transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession. Other accomplishments included signing on notable new customer engagements, such as winning the Apple PC business, and business partnerships and strategic acquisitions that expanded Intel's presence in security, software and mobile communications. On the financial front, Intel generated more revenue during his eight-year tenure as CEO than it did during the company's previous 45 years1. In the last full year before he was named CEO, Intel had $34 billion in sales; by 2012, the number had grown to $53 billion.

"We are deeply saddened by Paul's passing," Intel CEO Brian Krzanich said. "He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first."

Otellini was born in San Francisco on Oct. 12, 1950, and remained a fan of the city all his life. He received a bachelor's degree in economics from the University of San Francisco in 1972 and an MBA from the University of California, Berkeley in 1974. He joined Intel in 1974 and served in a number of positions, including general manager of Intel's Peripheral Components Operation and the Folsom Microcomputer Division, and in 1989 as then-CEO Andy Grove's chief of staff.

From 1990 to 2002, he held various positions at Intel, including executive vice president and general manager of the Intel Architecture Group, responsible for the company's microprocessor and chipset businesses and strategies for desktop, mobile and enterprise computing, as well as executive vice president and general manager of the Sales and Marketing Group. Otellini also served as chief operating officer from 2002 to 2005.

"Paul's business acumen, optimism and dedication fueled our growth throughout his tenure as CEO," Intel Chairman Andy Bryant said. "His tireless drive, discipline and humility were cornerstones of his leadership and live on in our company values to this day."

Paul and his wife, Sandy, were married for 30 years. He is survived by his wife; his son, Patrick; and his daughter, Alexis. Since he retired in 2013, Otellini dedicated time to mentoring young people and being involved with several philanthropic and charitable organizations, including the San Francisco Symphony and San Francisco General Hospital Foundation.

1Paul Otellini's Intel: Can the Company That Built the Future Survive It?

Facebook LinkedIn Twitter YouTube Instagram AddThis

Domain: Electronics
Category: Semiconductors
Posted By: weSRCH's Best of the Internet Award and Contact weSRCH's Best of the Internet Award
Maxims of Tech: Rules of Engagement for a Fast Changing Environment

Recent Press Releases

Choosing the Best Link Building Pack...

Better yet, you should first learn more about the free services that you can benefit from before actually needing to pick one of the available link building packages. It is pretty

15 December, 2017

Edible Films and Coatings Market Exp...

Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study

15 December, 2017

How Efficient is a Link Building Cam...

More than you can imagine, but only if you rely on actual SEO experts to handle it all from picking the right keywords to publishing articles on various websites to help your site

15 December, 2017