Intel President Resigns For External CEO Role
In the midst of organizational and personnel changes among Intel’s leadership, Intel CEO Brian Krzanich has announced that Intel President Renée James shall be leaving the company after about 28 years of service. Of James’ decision to leave, Krzanich says, “On behalf of the Board and management team, we sincerely thank Renée for her tireless efforts toward building the business that we have today, and we fully support her in this decision.”
In a letter to Intel employees, James wrote,”I have made the very difficult decision to step down as President of Intel in order to pursue an external CEO role. When Brian and I were appointed to our current roles, I knew then that being the leader of a company was something that I desired as part of my own leadership journey. Now is the right time for me to take that next step.”
This year, Forbes ranked James #45 among The World’s 100 Most Powerful Women. She earned a degree in Bachelor of Arts/Science and later on, an MBA from the University of Oregon. At age 51, James actually serves many roles outside of Intel as well.
She is a non-executive director at the Vodafone Group Plc Board of Directors and is also a member of the Remuneration Committee. Aside from this, she is also the Vice Chair of the President’s National Security Telecommunications Advisory Committee. At the same time, she is an independent director of the VMware Inc. Board of Directors as and is also a member of the Audit Committee. Meanwhile, James is also a member of the C200, an organization that promotes the advancement of women’s leadership in business.
Early on in her career with Intel, James landed a role as the chief of staff of Intel’s former CEO, Andy Grove. Meanwhile, she also served as the director and COO of Intel Online Services. Before being appointed president, James also served as the executive vice president and general manager of the Intel Software and Services Group. James has been Intel’s president for the past two years.
Krzanich has announced that James will be leaving in January 2016. And in her letter, James has said that her impending departure brought about “associated organizational changes” that has been made effective immediately. This mainly involves changes in the reporting line, which concerns The Technology and Manufacturing Group, Human Resources and the country presidents. Meanwhile, Intel’s Global Policy Team will reportedly transition to the Law and Policy Group.
In addition, Krzanich has confirmed that several organizational changes will also take place in order for Intel to “continue our drive for velocity and streamlined decision-making.” This means that certain groups within the company will be merged, resulting in the formation of new groups including the Intel’s Client Computing Group, Intel Communication & Devices Group, worldwide Platform Engineering Group and New Technology Group. These new business units reportedly reflects Intel’s constant pursuit of Moore’s Law which for Krzanich, means to “bring smart, connected devices to every person on Earth.”
Meanwhile, Krzanich has also announced the retirement of Intel Capital President Arvind Sodhani after serving Intel for 35 years. Most recently, Sodhani’s group launched the Intel Diversity Fund, a $125 million investment that funds technology startups that are run by women as well as underrepresented minorities. With Sodhani’s departure, Intel Capital will merge with the Mergers and Acquisitions and Strategic Transactions Group.
At the same time, other resignations in Intel include corporate vice president and general manager of Intel’s New Devices Group Mike Bell as well as corporate vice president and general manager of Intel’s Mobile and Communications Group Prof. Dr. Hermann Eul.
Meanwhile, James, in her letter, assures Intel’s employees that the recent changes are a good thing. She wrote, “You are in good hands. I have several more months at Intel during which I will work to ensure a smooth transition across all of my current areas of responsibility.”
On a final note, she said, “Thank you for some of the best years of my professional life and for making Intel great.”