Intel Former Ceo Paul Otellini Dies In Sleep – SANTA CLARA – Paul Otellini, the former chief executive of Intel who led the semiconductor giant through a period when it won new business from Apple and focused more on technology beyond chips for personal computers, has died at his home.
Otellini served as Intel’s CEO from 2005 until his retirement from the company in 2013. A veteran of nearly 40 years at Intel, Otellini is the company’s fifth CEO and the first non-engineer to run the world’s largest semiconductor maker. Before becoming CEO, Otellini held several senior positions at Intel, including vice president and general manager of Intel’s sales and marketing group, and chief operating officer, a job he held from 2002 to 2005.
Intel Former Ceo Paul Otellini Dies In Sleep
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Current Intel CEO Brian Krzanich, who replaced Otellini four years ago, took to Twitter to express his thoughts on Otellini’s death.
We lost a member of the Intel family yesterday, when Paul Otellini passed away. A great man and a leader who inspires us to do great things — Brian Krzanich (@bkrunner) October 3, 2017
Intel said Otellini left his mark on the company in many ways. In a statement, the company noted that in the year before Otellini became CEO, Intel had $34 billion in annual sales, and that figure rose to $53 billion in 2012.
“Under his leadership, the company made significant strategic, technical and financial gains,” Intel said in a statement. “(His) achievements include entering into notable new customer engagements, such as winning Apple’s PC business, and business partnerships and strategic acquisitions that have increased Intel’s presence in security software and mobile communications.”
Former Intel Ceo Paul S. Otellini Dies At Age 66
Otellini also made a positive impression on those outside of Intel who track the company and its business ventures.
“Paul is one of those rare CEOs who is effective and well-liked by his subordinates and predecessors,” said Rob Enderle, head of technology research firm Enderle Group. “(Intel founder) Andy Grove often spoke about the quality of the work that Paul did, and his departure from Intel was felt hard by those who worked at the company.”
Otellini also laid the groundwork for Intel’s move beyond reliance on its long-standing and established PC chip business. Under Otellini’s watch, Intel began expanding its reach into the data center, which has become one of the company’s biggest growth areas; and in 2011, Intel completed the acquisition of security company McAfee for $7.7 billion and changed its name to Intel Security. (Earlier this year, Intel spun off its security business into a joint venture with TPG Capital. Intel has a 49 percent stake in the company, which brought back the McAfee name.)
But Otellini also had challenges in his time. Intel has largely missed out on the booming smartphone chipset market. And at the beginning of 2017, the company stopped the Broxton mobile processor because it lost significantly to Qualcomm and homegrown chips from Apple and Samsung.
Paul S. Otellini, Former Intel Ceo, Dies At 66
However, Intel is said to be rebuilding its mobile business to enter the 5G wireless technology platform.
However, Gartner semiconductor analyst Mark Hung said that Otellini becoming Intel’s CEO without an engineering background “speaks to the respect that the company has.”
“He has a deep understanding of the company’s strengths and culture, and throughout his tenure he has driven the company to deliver solutions rather than just chips,” Hung said. “This led to a period of growth for Intel, but also in the future that saw Intel miss out on the smartphone revolution.”
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Paul S. Otellini, 66, Led Intel Through Chipmaking Expansion
Otellini is a San Francisco native. Since retiring from Intel, Otellini has devoted much of his time to philanthropic efforts, including the San Francisco Symphony and the San Francisco General Hospital Foundation. By Chris Welch, reviewer specializing in personal audio and home theater. Since 2011, he has published nearly 6,000 articles, ranging from news and reviews to useful how-tos.
Paul Otellini, who served as Intel’s CEO from 2005 until his retirement in mid-2013, has died at the age of 66. He died in his sleep there, the company said today. In all, Otellini spent more than 40 years as an employee of Intel.
Otellini is Intel’s fifth CEO – replacing current CEO Brian Krzanich – and is credited with “changing the business structure and costs for long-term growth; taking a leading position in the server market segment; and maintaining profitability during the global recession.” Born in San Francisco, Otellini is Intel’s first CEO without a formal engineering background “Intel has produced more in his eight years as CEO than in the previous 45 years,” Intel said in a press release.
During Otellini’s tenure at the top of the company, Intel’s revenue rose to $53 billion at the end of 2011 from $34 billion in sales recorded before he joined. They helped Intel maintain its strong leadership as the de facto Windows PC chip maker and generate steady profits. Apple announced the switch to Intel processors for its Mac line in 2005, and Otellini joined Steve Jobs on stage at WWDC to announce it.
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But Otellini’s misfires include an early push for underpowered ultrabooks and a failure to extend Intel’s dominance of PCs and servers into the smartphone industry. Neither the iPhone nor most Android Smartphones have an Intel processor.
“We ended up not winning or passing on, depending on how you want to look at it,” he said from iPhone in an interview with The Atlantic in 2013. “And the world would have been very different if we had it.” Intel’s failure to capitalize on the mobile era is one of Otellini’s biggest professional regrets. “The lesson I’ve learned is that while we like to talk data here, many times in my career, I’ve made decisions with my gut, and I’ve had to follow my gut,” he said.
But even with that in mind, Otellini was able to steer Intel through incredible success that positioned the company — perhaps even beyond what his predecessors had imagined. Paul Otellini, who served as Intel’s fifth CEO from 2005 to 2013, died Monday in his sleep, according to Intel. He is 66 years old.
Otellini, who replaced Craig Barrett, is Intel’s ( INTC ) first non-engineer CEO. Otellini can clearly sell, though: He is credited with winning the coveted business of making chips for Apple (AAPL) PC business in 2005. Until then, Apple has used PowerPC processors that came out of the IBM-Apple-Motorola alliance.
Former Intel (nasdaq: Intc) Ceo Otellini Dies At 66
“He’s a salesman at heart,” said Patrick Moorhead, CEO of Moor Insights & Strategy, an Austin-based research firm. “Otellini steered the company through a difficult period with many layoffs due to competitive pressures and then led the company to dominance in PCs and servers.”
Intel ( INTC ) made more in Otellini’s eight years at the helm than in the previous 45 years combined, according to The Atlantic. The year before he was named CEO, Intel had sales of $34 billion. By 2012, when he announced his retirement plans, sales had grown to $53 billion. On the other hand, critics say that Intel missed the mobile revolution on its watch.
“We are deeply saddened by the passing of Paul. He is the desperate voice of the customer in the sea of engineers, and taught us that we only win when we put the customer first,” Brian Krzanich, successor and current CEO of Intel. , said in a statement.
Born in San Francisco, Otellini earned a bachelor’s degree in economics from the University of San Francisco in 1972 and an MBA from the University of California, Berkeley’s Haas School of Business two years later. He joined Intel that year, continuing as vice president of sales and marketing in 1994.
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After retiring four years ago, Otellini supported the San Francisco Symphony and the San Francisco General Hospital Foundation, among other philanthropies. Otellini is survived by Sandy, his wife of 30 years, son Patrick and daughter Alexis.
Datasheet: Track the tech business with cutting-edge analysis of the industry’s biggest names. Intel announced the death of former CEO Paul Otellini. He died on October 2, 2017, aged 66. Intel
Former Intel CEO Paul Otellini, who led the company from 2005 to 2013, died on Friday at the age of 66, the technology company announced Tuesday.
“We are deeply saddened by Paul’s passing,” current Intel CEO Brian Krzanich said in a statement. “He was the impatient voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first.”
Former Intel Ceo And President Paul Otellini Passes Away At 66
Others in the tech industry, including Apple CEO Tim Cook, Senior Vice President of Worldwide Marketing Philip Schiller and Google CEO
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