Intel today announced that the company's president and CEO, Paul Otellini, decided to retire. He will leave the company in May 2013, at the company's next annual shareholder meeting, now starting a leadership transition for the next six months.
Steve Jobs and Paul Otellini on the stage of WWDC 2005.
Otellini's decision to retire will bring to an end a remarkable career of almost 40 years of continuous service for the company and its shareholders.
Things are not easy for tech giants. First was Scott Forstall, head of iOS; then Steven Sinofsky, president of Microsoft's Windows division; and now Paul Otellini.
The ?Otellini decision? is almost certainly linked to the company's performance, who has been losing the mobile wash war for ARM processors, used by virtually everyone in the industry, including Apple. Rumors also say that, in the future, Ma may put aside the Intel chips used in Macs, starting to equip the machines with proprietary processors.