Intel board elects Brian Krzanich as new CEO

Intel has named its new CEO. Current Chief Operating Officer Brian Krzanich will take the reins from the retiring Paul Otellini on May 16. Krzanich was elected unanimously by Intel's board of directors, and he isn't the only executive to receive a promotion. Renée James, who heads the Software and Services Group, will assume Otellini's role as Intel President.

When Otellini's impending retirement was announced, Intel said it would look both inside and outside its own walls for a replacement. In the end, the firm went with internal talent. Both Krzanich and James have been with the company since the 80s. James seems to have focused on software, while Krzanich's expertise lies in chip fabrication. Here's a snippet from the new CEO's bio:

[Krzanich's] open-minded approach to problem solving and listening to customers' needs has extended the company's product and technology leadership and created billions of dollars in value for the company. In 2006, he drove a broad transformation of Intel's factories and supply chain, improving factory velocity by more than 60 percent and doubling customer responsiveness. Krzanich is also involved in advancing the industry's transition to lower cost 450mm wafer manufacturing through the Global 450 Consortium as well as leading Intel's strategic investment in lithography supplier ASML.

Prior to becoming COO, Krzanich held senior leadership positions within Intel's manufacturing organization. He was responsible for Fab/Sort Manufacturing from 2007-2011 and Assembly and Test from 2003 to 2007. From 2001 to 2003, he was responsible for the implementation of the 0.13-micron logic process technology across Intel's global factory network. From 1997 to 2001, Krzanich served as the Fab 17 plant manager, where he oversaw the integration of Digital Equipment Corporation's semiconductor manufacturing operations into Intel's manufacturing network. The assignment included building updated facilities as well as initiating and ramping 0.18-micron and 0.13-micron process technologies. Prior to this role, Krzanich held plant and manufacturing manager roles at multiple Intel factories.

Chip manufacturing has always been one of Intel's strengths, so perhaps it's only fitting that Krzanich will take the helm. He'll be Intel's sixth CEO, and he has big shoes to fill. Otellini has occupied the top spot for the past eight years and will depart with the company in a dominant position in the PC industry. Krzanich must now guide Intel as traditional PCs face new competition from mobile devices—and as Intel's x86 ISA is challenged by ARM.

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