Intel CEO's Qualcomm Recruit Causes Upheaval in Senior Ranks
- Division heads depart after Krzanich hires rival executive
- Management shuffle on eve of earnings raises analysts' concern
Murthy Renduchintala.
Photographer: David Maung/BloombergThis article is for subscribers only.
Intel Corp. Chief Executive Officer Brian Krzanich broke with decades of company history last year by making an outsider, Murthy Renduchintala of rival Qualcomm Inc., his No. 2.
Renduchintala brought a record of success in mobile-phone chips, a market Intel has yet to crack. The appointment also fueled an exodus of some of the senior talent that helped make Intel the envy of the $300 billion chipmaking industry, and it left analysts fretting that more upheaval is on the way.