Intel struggles to find new CEO
Directors have ruled out some candidates for the vacant post, passed up obvious ones, been rejected by some and decided to re-interview others.
Santa Clara — Intel has been trying to fill the most prominent role in the $400bn chip industry for more than six months. The company’s board still has not found what it is looking for. Intel directors have ruled out some candidates for the vacant CEO post, passed up obvious ones, been rejected by some and decided to go back and re-interview others, extending the search, according to people familiar with the process. Chair Andy Bryant told employees recently that the chipmaker may go with a “nontraditional” candidate, suggesting a CEO from outside the company is a possibility. Whoever is chosen will take the reins at a company that is churning out record results, but is facing rising competition. The new CEO will have to convince investors that Intel’s loss of manufacturing leadership — a cornerstone of its dominance — will not cost it market share in the lucrative semiconductor market. He or she will also have to deliver on the company’s promise to maintain growth by winning orders...
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