Intel (INTC) names COO Brian Krzanich its next CEO; he'll take over from Paul Otellini following...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC) names COO Brian Krzanich its next CEO; he'll take over from Paul Otellini following Intel's May 16 shareholder meeting. Krzanich, who first joined Intel in 1982, was named COO early last year after having overseen Intel's manufacturing ops, and (along with CFO Stacy Smith) became an executive VP at the time Otellini announced his retirement plans. The Street isn't crazy about the move, INTC -1% premarket. (PR)