Intel’s former chief executive and Chairman Andrew S. Grove passed away, the company announced. He was 79.
Grove was the first person to be hired following Intel’s founding in 1968 by Robert Noyce and Gordon Moore. Grove served in the capacity of Intel’s president in 1979 and CEO in 1987. He was also Chairman of the Board from 1997 until 2005. Even after his retirement, Grove remained one of the most instrumental personalities in the fields of technology and business. He has written bestselling books and spoken on public issues.
“We are deeply saddened by the passing of former Intel Chairman and CEO Andy Grove,” Intel CEO Brian Krzanich said in a statement posted in the Intel Newsroom. “Andy made the impossible happen, time and again, and inspired generations of technologists, entrepreneurs, and business leaders,” the statement adds. Intel did not reveal the circumstances surrounding Grove’s death.
During World War II, he suffered under the Nazi occupation of Hungary, and lived under a fake name. He had been ailing with poor health for a long time. According to Reuters, he suffered from Parkinson’s. In 1996, he was diagnosed with prostate cancer; for which the doctors gave him experimental treatment.
Becoming a point of focus in the company’s decision to transfer from memory to processor chips, the widely popular “Intel Inside” slogan came into being under his leadership. During his time as chief executive, Intel’s sales grew as much as 13 times – growing from almost $2 billion to $26 billion, as reported by CNN. In 1997, he achieved yet another milestone – being named man of the year by Time magazine.
Born as András Gróf in Budapest, Hungary, he fled the Soviet oppression and arrived in the United States in 1956. He completed his doctorate in engineering from the University of California at Berkeley in 1963.
Grove was hired by Moore, who was working at Fairchild Semiconductor, as a researcher. But when Moore departed to found Intel, he hired Grove.
Some of Grove’s bestselling and widely popular management books include High Output Management (1983) and Only The Paranoid Survive (1999).