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November 19, 2012 07:20 pm GMT

Intel Announces CEO Paul Otellini Will Retire In May, Mobile Weakness Could Be A Factor

intelIntel today announced that CEO Paul Otellini will retire in May. In a press release, the company said that Otellini will take his leave at the company's annual stockholder meeting in May, with the stated intent of easing the management transition during the next 6 months. Otellini has been CEO of Intel since mid 2005, and saw annual revenue grow from $38.8 billion to $54 billion through the end of 2011, but some crucial failures in mobile might have led in part to this decision.

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