Otellini Takes Intel Reins from Barrett
Paul Otellini takes the helm at Intel, while former CEO Craig Barrett becomes chairman of the board of directors.Paul Otellini last week took the helm at Intel, a company that is reorganizing after a difficult year in 2004. Otellini, who was Intels president and chief operating officer, replaces Craig Barrett as CEO. Barrett will become chairman of the board of directors. The moves, anticipated for more than a year, were made official during a shareholders meeting.
Intel stumbled several times last year. Among the problems were delays in its "Dothan" Pentium M mobile chip and the cancellation of its "Tejas" Pentium 4 chip.