These included transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession. SANTA CLARA, Calif., Oct. 3, 2017 – Intel Corporation today announced that the company’s former CEO Paul Otellini passed away in his sleep Monday, Oct. 2, 2017, at the age of 66. Mr. Otellini dropped it, opting to court phone makers with Intel’s mainstay x86 chip design. He was on the fast track early in his career as Technical Assistant to Andy Grove, CEO and Chairman, and then served in key leadership positions in Intel's business groups. biggest makers On the financial front, Intel generated more revenue during his eight-year tenure as CEO than it did during the company’s previous 45 years1. work Otellini also served as chief operating officer from 2002 to 2005. logic against These included transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession. Where Grove and his immediate predecessor, Craig R. Barrett, were tough taskmasters, Mr. Otellini was known for a softer, more personable touch. Tom Foremski | October 4, 2017 -- 01:57 GMT (02:57 BST) And several business initiatives had to be closed or scaled back including the Itanium microprocessor -- which cost billions of dollars to develop and support. Please review our terms of service to complete your newsletter subscription. “We are deeply saddened by Paul’s passing,” Intel CEO Brian Krzanich said. Since he retired in 2013, Otellini dedicated time to mentoring young people and being involved with several philanthropic and charitable organizations, including the San Francisco Symphony and San Francisco General Hospital Foundation. Of the 10,500 jobs, 1,000 layoffs were at the management level. makers. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. “He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first." “Paul’s business acumen, optimism and dedication fueled our growth throughout his tenure as CEO,” Intel Chairman Andy Bryant said. “That was driven by Otellini more than anyone else,” said Hector Ruiz, a former AMD chief who launched his company’s litigation. Paul Otellini, the former CEO of Intel, the world's second largest chipmaker, died in his sleep the company announced Tuesday -- he was nearly 67 years old. This website uses cookies to improve your experience. SK Paul and his wife, Sandy, were married for 30 years. right [12] In 2006, Otellini was named Haas Business Leader of the Year. As [20], "Paul Otellini 1950— Biography - Early life and education, Joins intel and manages ibm account", "Paul S. Otellini, Who Led Intel and Saw It Grow Even More, Dies at 66", "Former Intel CEO Paul Otellini, MBA 74, passes away | Berkeley-Haas", "EDN - Otellini named president and COO by Intel -", "Intel Names Paul S. Otellini President And Chief Operating Officer", "Intel President and Chief Operating Officer Will Keynote at WCIT; World Congress On Information Technology Welcomes Paul Otellini", "Intel waiting for key update before going Vista", "Former Intel CEO Paul Otellini dies in sleep", "Intel announces layoffs, reorganization", "Intel CEO Paul Otellini To Retire In May 2013", "Former Intel CEO Paul Otellini has died at age 66", "The Church of the Nativity - Msgr. on model Aurora was in the running to be the United States’ first exascale supercomputer although it was on a contemporaneous timeline with... Read more…, Over the last decade, accelerators have seen an increasing rate of adoption in high-performance computing (HPC) platforms, and in the June 2020 Top500 list, eig Read more…, Just under two years ago, the European Commission formalized the EuroHPC Joint Undertaking (JU): a concerted HPC effort (comprising 32 participating states at c Read more…, Sometimes, the old dog actually does go live on a farm. Paul and his wife, Sandy, were married for 30 years. worked Other names and brands may be claimed as the property of others. Intel said cloud growth continued but enterprise demand fell. By signing up, you agree to receive the selected newsletter(s) which you may unsubscribe from at any time. model | Topic: Intel. That approach was recognized when he got an onstage hug in June 2005 from Steve Jobs, then Apple’s chief executive, who had agreed to switch to Intel technology for the company’s popular Macintosh computer line. He left us too soon. “We are deeply saddened by Paul’s passing,” Intel CEO Brian Krzanich said. deal competitive He is survived by his wife; his son, Patrick; and his daughter, Alexis. From 1990 to 2002, he held various positions at Intel, including executive vice president and general manager of the Intel Architecture Group, responsible for the company’s microprocessor and chipset businesses and strategies for desktop, mobile and enterprise computing, as well as executive vice president and general manager of the Sales and Marketing Group. “His tireless drive, discipline and humility were cornerstones of his leadership and live on in our company values to this day.”. Since he retired in 2013, Otellini dedicated time to mentoring young people and being involved with several philanthropic and charitable organizations, including the San Francisco Symphony and San Francisco General Hospital Foundation. Mr. Otellini underestimated the iPhone’s sales potential and viewed Apple’s price demands as onerous. She was a lawyer at Intel until 1995. Intel SAN FRANCISCO — Paul S. Otellini, who as chief executive expanded Intel Corp.’s already commanding chipmaking business but failed to build a company franchise in mobile phones, died on Monday at his family’s second home in Sonoma County, Calif., He was 66. is Intel's $7.68 billion acquisition of McAfee security software firm in 2010 was spun out earlier this year in a joint venture with private investment fund TPG. the Paul S. Otellini was born and raised in San Francisco, California, United States. If consummated Read more…, During its second-quarter earnings call, Intel announced a one-year delay of its 7nm process technology, which it says it will create an approximate six-month shift for its CPU product timing relative to prior expectations. Mr. Otellini dropped it, opting to court phonemakers with Intel’s mainstay x86 chip design. AMD followed up with an antitrust lawsuit against Intel that prompted government investigations by the authorities in the United States, Japan, South Korea, and Europe. Julie Jacobson/aSSOCIATED pRESS/FILE 2012. intensifies He laid off about 10,500 staff in 2006 -- the company's largest layoffs. Paul Stevens Otellini, the son of Dave Otellini, a butcher, and his wife, Evelyn, was born in San Francisco on Oct. 12, 1950. By registering, you agree to the Terms of Use and acknowledge the data practices outlined in the Privacy Policy. He received a bachelor’s degree in economics from the University of San Francisco in 1972 and an MBA from the University of California, Berkeley in 1974. flash Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Paul Stevens Otellini (October 12, 1950 – October 2, 2017) was an American businessman and one-time president and CEO of Intel. space, © 2020 ZDNET, A RED VENTURES COMPANY. [1], Otellini joined Intel in 1974. His family is of Italian origin. Apple CEO Tim Cook, expressing condolences to Otellini's family, tweeted that "Paul was a great friend of Apple." He admits he missed the importance of the smartphone market where rival ARM scored major design wins. During Otellini's tenure Intel was the world's largest chipmaker. If HPCwire is a registered trademark of Tabor Communications, Inc. Use of this site is governed by our Terms of Use and Privacy Policy. Intel was still in the running as a supplier when Apple was developing the first iPhone, which was introduced in 2007, ushering in what would become a giant market for smartphones. data face It’s been happening for decades and is again drawing U.S. government attention to potential efforts for reversing the trend. AMD beating Intel to a CPU built on a 7nm process node* – with 5nm and 3nm on the way – has been i Read more…, Intel’s 7nm node delay has raised questions about the status of the Aurora supercomputer that was scheduled to be stood up at Argonne National Laboratory next year. In the last full year before he was named CEO, Intel had $34 billion in sales; by 2012, the number had grown to $53 billion. Intel chips respected He received a bachelor’s degree in economics from the University of San Francisco and an MBA from the University of California, Berkeley. “We ended up not winning it or passing on it, depending on how you want to view it,” Mr. Otellini said in a 2013 interview with The Atlantic magazine. for Otellini was born in San Francisco on Oct. 12, 1950, and remained a fan of the city all his life. By Intel for a time built ARM chips, too, but that business was unprofitable. His legacy at Intel stands out in several ways. memory Otellini was a member in the Professional Business Fraternity Delta Sigma Pi; he joined while attending the University of San Francisco.
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