- Renee James, Intel's (NASDAQ:INTC) president for the last two years, is leaving to "pursue an external CEO role." James has been Intel's second in-command behind CEO Brian Krzanich, and became responsible for overseeing manufacturing, software, security tech, and corporate strategy/planning as part of a 2013 reorg. She'll stay until January to help "transition the Executive Office."
- Three other execs are also leaving: Arvind Sodhani, the head of Intel Capital (the company's VC arm) and a 35-year vet; Hermann Eul, until last fall the head of Intel's mobile processor ops; and Mike Bell, previously in charge of a Devices unit responsible for wearables. M&A chief Wendell Brooks will take over Sodhani's responsibilities.
- Also: 1) Intel's Security unit (formerly McAfee) has been formally integrated with the rest of the company. 2) Communications & Devices Group GM Aicha Evans is joining the management committee. 3) Josh Walden, the GM of Intel's New Technology Group, now "leads all product and research teams that create and deploy new technology categories, such as interactive computing devices, perceptual computing and wearable devices."
- Intel is nearly unchanged premarket.
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Update (10:50AM ET): Intel is now up 2.2%.