Intel CEO plans to retire in May


Published Nov 20, 2012 at 04:00AM / Updated Nov 19, 2013 at 12:31AM

In a surprising move that some analysts said reflects the tough road Intel Corp. faces trying to get its chips into smartphones, tablets and other mobile devices, the company on Monday said CEO Paul Otellini will step down from the job in May, three years before his mandatory retirement age of 65. Otellini will be ending a nearly 40-year career with Intel, including an eight-year stint as CEO by the time he leaves.

— Staff and wire reports