Former Intel CEO Paul S. Otellini Dies at Age 66
October 03 2017 - 12:03PM
Business Wire
Intel Corporation today announced that the company’s former CEO
Paul Otellini passed away in his sleep Monday, Oct. 2, 2017, at the
age of 66.
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Intel Corporation announced that Paul
Otellini, the company's former chief executive officer, died Oct.
2, 2017, at the age of 66. (Credit: Intel Corporation)
Paul Otellini became Intel’s fifth chief executive officer in
2005. Under his leadership the company made important strategic,
technological and financial gains. These included transforming
operations and cost structure for long-term growth; assuming a
leadership position in the server market segment; and maintaining
profitability during the global recession. Other accomplishments
included signing on notable new customer engagements, such as
winning the Apple PC business, and business partnerships and
strategic acquisitions that expanded Intel’s presence in security,
software and mobile communications. On the financial front, Intel
generated more revenue during his eight-year tenure as CEO than it
did during the company's previous 45 years1. In the last full year
before he was named CEO, Intel had $34 billion in sales; by 2012,
the number had grown to $53 billion.
“We are deeply saddened by Paul’s passing,” Intel CEO Brian
Krzanich said. “He was the relentless voice of the customer in a
sea of engineers, and he taught us that we only win when we put the
customer first.”
Otellini was born in San Francisco on Oct. 12, 1950, and
remained a fan of the city all his life. He received a bachelor's
degree in economics from the University of San Francisco in 1972
and an MBA from the University of California, Berkeley in 1974. He
joined Intel in 1974 and served in a number of positions, including
general manager of Intel's Peripheral Components Operation and
the Folsom Microcomputer Division, and in 1989 as then-CEO Andy
Grove's chief of staff.
From 1990 to 2002, he held various positions at Intel, including
executive vice president and general manager of the Intel
Architecture Group, responsible for the company's microprocessor
and chipset businesses and strategies for desktop, mobile and
enterprise computing, as well as executive vice president and
general manager of the Sales and Marketing Group. Otellini also
served as chief operating officer from 2002 to 2005.
“Paul’s business acumen, optimism and dedication fueled our
growth throughout his tenure as CEO,” Intel Chairman Andy Bryant
said. “His tireless drive, discipline and humility were
cornerstones of his leadership and live on in our company values to
this day.”
Paul and his wife, Sandy, were married for 30 years. He is
survived by his wife; his son, Patrick; and his daughter, Alexis.
Since he retired in 2013, Otellini dedicated time to mentoring
young people and being involved with several philanthropic and
charitable organizations, including the San Francisco Symphony and
San Francisco General Hospital Foundation.
1
https://www.theatlantic.com/technology/archive/2013/05/paul-otellinis-intel-can-the-company-that-built-the-future-survive-it/275825/
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