JANUARY 17--The board of directors of Intel Corp. (Santa Clara, CA; www.intel.com/pressroom), manufacturer of computer, networking, and communications products, has elected 27-year Intel veteran Paul S. Otellini president and chief operating officer. He will join chief executive officer Craig R. Barrett in a two-person executive office. He will be responsible for overseeing Intel's internal operations, focusing on the development and delivery of new products and technologies and the efficiency and productivity of the company's business. Corporate strategy and long-range planning will continue to be led by CEO Barrett.
Since 1998, Otellini served as executive vice president and general manager of the Intel architecture group, responsible for the company's $21 billion microprocessor and chipset businesses. He served as executive vice president of sales and marketing from 1992 to 1998. Since joining Intel in 1974, he has held a number of other positions, including general manager of the company's peripheral components operation and of the Folsom microcomputer division.