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Intel Says China Chief Sean Maloney to Retire in January

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Sept. 19 (Bloomberg) -- Intel Corp. Executive Vice President Sean Maloney, once seen as a candidate to lead the company, will retire in January.

Maloney, 56, who suffered a stroke in 2010, will leave after 30 years at the world’s largest chipmaker, the Santa Clara, California-based company said in a statement today. Intel does not plan to replace him in his current position of chairman of Intel China.

Credited by Chief Executive Officer Paul Otellini with being among the first to identify the importance of Asia to the technology market, the London-born Maloney led the company’s growth efforts in the region.

“Sean is a well-known visionary for Intel and the computing industry,” said Otellini, in the statement. “He leaves a major mark on Intel and the industry.”

Maloney was one of two executive vice presidents running Intel’s main chip business, reporting directly to Otellini, until his stroke. He went on medical leave for several months from March 2010 after losing his ability to speak. He has since has regained much of his speech.

In previous positions at Intel, Maloney ran sales in Asia and the company as a whole. He started at Intel in Europe and went on to become a technical assistant to Andy Grove, then Intel’s CEO, as part of the program the company uses to identify and train future leaders.

“I worked on three continents and saw the world as a representative of Intel,” Maloney said in the statement. “I look forward to my retirement and spending more time with my family.”

To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles@bloomberg.net

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