Its CEO, Brian Krzanich, said that Intel president Renee James will stay at Intel until next January to take a job as CEO of an unnamed company. She has been at Intel for 28 years and said that when Brian Krzanich and her were given their current jobs, she wanted to be a CEO somewhere else.
Krzanich explained that he’d made the changes to make the company more efficient.
Long time employee Arvind Sodhani, who is the president of Intel Capital, will retire in January after 35 years with the company and will be replaced by Wendell Brooks.
Intel Security – formerly McAfee – has been integrated into Intel rather than being an independent division and Chris Young will become general manager of the unit.
Aicha Evans has been promoted to the firm’s management committee. She was formerly head of the communication and devices group.
Josh Walden, who was in charge of Intel’s New Technology division, will look after interactive computing devices, perceptual computing and wearables.
Executives Hermann Eul and Mike Bell will step down.