Economy

Former Intel CEO Paul Otellini has died at age 66

Former Intel CEO Paul Otellini has died at age 66”

Otellini served in a number of positions, including general manager of Intel's Peripheral Components Operation and the Folsom Microcomputer Division. Otellini was a San Francisco native and was Intel's first CEO that didn't have formal engineering training on his résumé. Otellini also drove a new level of efficiency at Intel, McGregor added. (He continued to live there despite a long commute to Intel's headquarters in Santa Clara.) He received a bachelor's degree in economics from the University of San Francisco and an M.B.A. from the University of California, Berkeley.

'We are deeply saddened by Paul's passing, ' current chief executive Brian Krzanich said in a statement following the announcement. "He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first", Krzanich said in a statement.

Despite the fact that he did not have any educational background in technology, his impact on Intel (and therefore on the whole IT industry) is hard to overstate.

He served in several capacities, including executive vice president and general manager of the group responsible for the company's microprocessor and chipset business and for forming strategies for desktop, mobile and enterprise computing, Intel said.

Intel's $7.68 billion acquisition of McAfee security software firm in 2010 was spun out earlier this year in a joint venture with private investment fund TPG.

Jim McGregor, principal analyst at Tirias Research, said in an email exchange that Otellini was unique among the six CEOs Intel has had in its history because he was a "business guy" as opposed to "the typical technology guy". The company's financial results were strong even during the global economic recession from 2008 to 2010. Otellini clearly could sell though: He is credited with winning in the coveted business of making chips for the Apple's aapl PC business in 2005. Before he took over as CEO, Intel had $34bn (£25.6bn) in sales revenue which soared to $53bn (£40bn) by the beginning of 2012. He wasn't, however, a Steve Jobs-style leader or presenter. He joined Intel in 1974 and worked his way up through various positions at the company. During his famous presentation at IDF in 2007, Mr. Otellini announced plans to increase performance of the company's iGPUs by 10 times by 2010, but in reality the company did better than that. "They focused on being the support mechanism for partners... the channel flourished in those years, and that was all Paul's doing".

Otellini died in his sleep, the company has confirmed, and is survived by his wife of 30 years Sandy Otellini, his son Patrick, and his daughter Alexis.



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