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Intel search for new CEO delayed?

Posted on Wednesday, March 20 2013 @ 13:38:33 CET by

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CNET writes Intel has reportedly delayed the search for a new CEO. Piper Jaffray analyst Gus Richard claims Intel narrowed the list of candidates to two internal and one external , but notes the final decision appear to be slipping. Current CEO Paul Otellini will retire in mid-May, giving the chip giant roughly two months to meet that deadline.
Intel's search for a new CEO has been delayed, as the world's largest chipmaker struggles to narrow down the candidates, according to a research note today from Piper Jaffray.

"We believe Intel has narrowed down CEO candidates to two internal and one external, but the final decision appears to be slipping," according to a note today from Piper Jaffray analyst Gus Richard.

Richard believes the delay in selecting a candidate is hurting Intel because it needs to make major decisions about future businesses, such as contract manufacturing.

Intel has said it hopes to have a replacement by the time CEO Paul Otellini retires in mid-May -- which means the company still has roughly two months to meet that deadline.



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