Intel: Paul Otellini (CEO)
Why this is a big quit:
Intel, the world’s largest personal computer “brain” maker, is going to lose its CEO, Paul Otellini. He announced his early retirement in November after serving as CEO for almost 8 years. He joined the company fresh out of college in 1974, when computers where the size of manatees. During his nearly 40-year tenure of this 45-year old organization, he contributed to its global domination over AMD (What’s inside?). Staff and Wall Street consistently perceived Otellini as a strong, firm, and respected leader.
Why it’s not as big as our Top 10:
His transition is nearly 6 months long, plenty of time to hand over the reins and for Apple to launch 8 new iPads. Intel has a strong bench which will be used to fill the role. In the recent years, he attempted to steer the company from its entrenched PC chip providing position to the exploding mobile market, but Intel struggles against more power-efficient ARM. Otellini’s departure may mean new brains and fresh ideas for Intel.