SANTA CLARA, United States (AFP) - Intel Corp. said it has named Paul Otellini chief executive officer, replacing Craig Barrett, effective at the chip giant's annual meeting on May 18.
Otellini, 54, currently serves as president and chief operating officer. Barrett, 65, will succeed Andrew Grove as chairman of the board of the world's biggest chipmaker.
Grove will serve as a senior advisor to the board and senior management.
"Craig and Paul are the right team at the right time for Intel," said Grove. "We're exceptionally fortunate to have them at the helm."
11/11/2004 - 16:14 GMT - AFP