Intel shuffles ranks, President Renée James to exit
Intel president Renée James will step down in order to pursue a CEO role at another company, the chip giant announced on Thursday.No successor has been named, but James will remain at Intel through the end of the year to help ease the transition to another executive leader.In the wake of her departure, two groups that were under her purview—Intel’s Technology and Manufacturing Group and HR—will report to CEO Brian Krzanich instead. The remainder of her direct reports will transition to other internal organizations.James and Krzanich assumed their respective roles in 2013 following the retirement of former CEO Paul Otellini.“When Brian and I were appointed to our current roles, I knew then that being the leader of a company was something that I desired as part of my own leadership journey,” James wrote in a letter to Intel employees. “Now is the right time for me to take that next step.”To read this article in full or to leave a comment, please click here
