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Intel president Renée James has confirmed that she will leave the company after 28 years of service in January 2016, to fill a CEO role at another firm.
In a letter to employees shared by Forbes, James said achieving CEO status had been a long-held goal. She took the role of Intel president in May 2013.
“When Intel CEO Brian Krzanich and I were appointed to our current roles, I knew then that being the leader of a company was something that I desired as part of my own leadership journey. Now is the right time for me to take that next step,” she wrote.
Krzanich paid tribute to James and all she had done in her time at the firm. "Over the past 28 years, Renée has contributed immeasurably to Intel," he said.
"On behalf of the board and management team, we sincerely thank Renée for her tireless efforts toward building the business that we have today, and we fully support her in this decision."
Movers and shakers
As part of her exit strategy, James has agreed to remain at the firm until January 2016 to aid the company’s transition to the management and organisational structure Krzanich announced on 2 July 2015.
Intel Security group – previously been a standalone division under the McAfee brand – has merged with the rest of the company’s operations.
Read more about Intel
- To celebrate the 50th anniversary of the creation of Moore’s law by its co-founder, Intel showcased a number of technologies in various states, from current technology to demonstrations and research.
- Intel’s mobile and communication group saw its revenue plummet by 85%, according to the company's full-year financial results for 2014.
“This integration will deliver better technologies for our customers and more effective operations that enable Intel Security to advance the state of security across the industry,” said the company.
Krzanich confirmed Arvind Sodhani, president of Intel Capital, will retire after 35 years of service. His responsibilities will pass to Intel’s president of mergers and acquisitions, Wendell Brooks.
Similar job consolidation is occurring elsewhere at the firm, to help “streamline operations and better position Intel for growth”, the company said.
Josh Walden, general manager of Intel’s new technology group, has been given the added responsibility of leading all the company’s product and research teams that focus on new product categories.
Slowdown in PC shipments
Intel's communication and devices group general manager Aicha Evans has been promoted to the company’s management committee.
"We are aligning our leadership structure to continue to become more efficient in order to deliver the benefits of our strategy even faster than before," said Krzanich.
The management overhaul comes on the back of some turbulent times at Intel as the firm addresses the effects of the slowdown in PC shipments on its finances by targeting the mobile and wearable technology markets.
However, as reported by Computer Weekly earlier in 2015, the company’s full-year financial results revealed revenues from Intel’s mobile and communications group had fallen 85% in 2014.