Items tagged with Brian Krzanich
Intel's leadership ranks were thrown into chaos over the summer when CEO Brian Krzanich abruptly resigned from his position. Krzanich was the subject of an internal investigation and it was discovered that he had a "past consensual relationship" with another Intel employee, which was in volition of corporate policy given his position. Since late June, Bob Swann has served as interim CEO as the company conducts its "robust search" for a permanent replacement. A new report from Bloomberg suggest that Intel's 6-month search still has yet to find the perfect fit for the CEO position. The one obvious choice, Swann, has made is abundantly clear that he does not want to keep the...
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There is a change of leadership at Intel, and it is coming rather abruptly, spurred by a completely unexpected situation at the company. Intel announced that Brian Krzanich has resigned as chief executive officer effective immediately. Robert Swan will take over in the interim. Intel has been under a lot of pressure over the past year, as it has witnessed a resurgent AMD with its Zen-based family of processors and the company has failed to execute [in a timely fashion] on its transition from 14nm process technology to new 10nm technology. However, it wasn’t the company’s performance that did Krzanich in; instead it was involvement with another Intel employee. ...
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When it comes to business, playing it safe is not always the way to go. Intel CEO Brian Krzanich knows this as well as anyone, so in a memo sent to to employees, he said the "new normal for Intel" as the company approaches its 50th anniversary will be to "take more risks" as it continues to expand into new growth markets, ones in which the Santa Clara chipmaker is "definitely an underdog." "We're just inches away from being a 50/50 company, meaning that half our revenue comes from the PC and half from new growth markets. In many of these new markets we are definitely the underdog. That's an exciting challenge—it requires that we develop and use new, different muscles," Krzanich said. Image...
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President Donald Trump has been spearheading a special council that puts some of the best executives in the country in one place with the hope of improving manufacturing in the US. Intel CEO Brian Krzanich has announced via a blog post that he has abandoned the council. Krzanich wrote, "Earlier today, I tendered my resignation from the American Manufacturing Council. I resigned to call attention to the serious harm our divided political climate is causing to critical issues, including the serious need to address the decline of American manufacturing. Politics and political agendas have sidelined the important mission of rebuilding America’s manufacturing base." Bringing more manufacturing jobs...
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All good things come to an end, and as of yesterday, Paul Otellini's fast and furious ride in the driver's seat as Intel's Chief Executive Officer (CEO) officially came to a halt. The 45-year-old face of Intel retired as chief, just as he announced he would back in November of last year, and handed the reins over to Brian M. Krzanich, the person Intel's board unanimously picked to fill Otellini's shoes. "In May 2013, Paul Otellini retired as chief executive officer of Intel Corporation, a position he held for eight years. Over the course of nearly four decades of service, this California native excelled in several key positions," Intel stated on a farewell page dedicated to the retired CEO. "Paul...
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The time has come for Paul Otellini to step aside and make way for new blood. Serving as only the fifth Chief Executive Officer (CEO) in Intel's history, the 45-year-old face of the world's largest semiconductor company said several months ago that he planned on retiring in May 2013, so now there will be a sixth CEO. His name is Brian Krzanich. Intel's board of directors unanimously agreed that Krzanich is the best man for the job, and feeling up to the challenge, he will assume his new role at the company's annual stockholders' meeting on May 16, Intel announced today. "I am deeply honored by the opportunity to lead Intel," said Krzanich. "We have amazing assets, tremendous talent, and an unmatched...
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Intel dominates on the desktop, but in mobile spaces like tablets and smartphones, ARM flexes the most muscle, at least in terms of market share penetration. It's no secret Intel wants to make a big push into mobile, a point the chip maker's new Chief Operating Officer, Brian Krzanich, made abundantly clear in recent comments. "We will start to see more and more of our capacity and our output go to things that are mobile, likes phones and tablets and other devices," Krzanich told Reuters. Krzanic has been with Intel for about three decades, and in the past five years, he claims to have cut the time to manufacture a component in half. Intel believes its lead in manufacturing technology will help...
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