Intel Board Elects Brian Krzanich as CEO

  Intel Board Elects Brian Krzanich as CEO

                        Renée James Elected President

Business Wire

SANTA CLARA, Calif. -- May 02, 2013

Intel Corporation announced today that the board of directors has unanimously
elected Brian Krzanich as its next chief executive officer (CEO), succeeding
Paul Otellini. Krzanich will assume his new role at the company’s annual
stockholders’ meeting on May 16.

Krzanich, Intel’s chief operating officer since January 2012, will become the
sixth CEO in Intel’s history. As previously announced, Otellini will step down
as CEO and from the board of directors on May 16.

“After a thorough and deliberate selection process, the board of directors is
delighted that Krzanich will lead Intel as we define and invent the next
generation of technology that will shape the future of computing,” said Andy
Bryant, chairman of Intel.

“Brian is a strong leader with a passion for technology and deep understanding
of the business,” Bryant added. “His track record of execution and strategic
leadership, combined with his open-minded approach to problem solving has
earned him the respect of employees, customers and partners worldwide. He has
the right combination of knowledge, depth and experience to lead the company
during this period of rapid technology and industry change.”

Krzanich, 52, has progressed through a series of technical and leadership
roles since joining Intel in 1982.

“I am deeply honored by the opportunity to lead Intel,” said Krzanich. “We
have amazing assets, tremendous talent, and an unmatched legacy of innovation
and execution. I look forward to working with our leadership team and
employees worldwide to continue our proud legacy, while moving even faster
into ultra-mobility, to lead Intel into the next era.”

The board of directors elected Renée James, 48, to be president of Intel. She
will also assume her new role on May 16, joining Krzanich in Intel’s executive
office.

"I look forward to partnering with Renée as we begin a new chapter in Intel’s
history," said Krzanich. "Her deep understanding and vision for the future of
computing architecture, combined with her broad experience running product R&D
and one of the world’s largest software organizations, are extraordinary
assets for Intel.”

As chief operating officer, Krzanich led an organization of more than 50,000
employees spanning Intel’s Technology and Manufacturing Group, Intel Custom
Foundry, NAND Solutions group, Human Resources, Information Technology and
Intel’s China strategy.

James, 48, has broad knowledge of the computing industry, spanning hardware,
security, software and services, which she developed through leadership
positions at Intel and as chairman of Intel’s software subsidiaries -- Havok,
McAfee and Wind River. She also currently serves on the board of directors of
Vodafone Group Plc and VMware Inc. and was chief of staff for former Intel CEO
Andy Grove.

Additional career background on both executives is available at
newsroom.intel.com.

About Intel

Intel (NASDAQ: INTC) is a world leader in computing innovation. The company
designs and builds the essential technologies that serve as the foundation for
the world’s computing devices. Additional information about Intel is available
at newsroom.intel.com and blogs.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United
States and other countries.

*Other names and brands may be claimed as the property of others.

Contact:

Intel Corporation
Media Relations:
Chuck Mulloy, 408-765-3484
chuck.mulloy@intel.com
Investor Relations:
Mark Henninger, 408-653-9944
mark.h.henninger@intel.com
 
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