Intel has announced a further shake-up at the top, with president Renée James stepping down effective January with no replacement yet named.
Announced late yesterday by Intel chief executive Brian Krzanich in a statement to employees, the biggest shift comes from the impending departure of president Renée James to pursue an external chief executive role at an unnamed company. '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 claimed in a memo to staff. 'Now is the right time for me to take that next step.
James will stay on at Intel until January, with no replacement yet named. As a result of her departure, several departments will shift: the Technology and Manufacturing and Human Resources groups will report directly to Krzanich, the Global Policy Team becomes part of the Law and Policy Group reporting to Steve Rodgers, and country presidents will report to Greg Pearson as part of the Sales and Marketing Group.
Although James' departure is the biggest shift, there are other changes at the top: president of Intel Capital Arvind Sodhani will also leave in January for his retirement and will be replaced by Wendell Brooks; Chris Young takes over as the general manager of Intel Security, formerly known as McAfee; Aicha Evans, general manager of the company's Communication and Devices Group is now a member of the management committee; Josh Walden, general manager of the New Technology Group, has become responsible for all product and research teams working on new technology category; and executives Hermann Eul and Mike Bell are both leaving.
'We are aligning our leadership structure to continue to become more efficient in order to deliver the benefits of our strategy even faster than before,
' claimed Krzanich of the shifts. 'Over the past 28 years, Renée has contributed immeasurably to Intel On behalf of the Board and management team, we sincerely thank Renée for her tireless efforts toward building the business that we have today, and we fully support her in this decision.
Both James' memo
and Krzanich's memo
(PDF warnings) are available to read in full.