Skip to content

UPDATED 11:00 EDT / JULY 27 2011

Tech Execs Hit Refresh: Intel Gets New Chairman

This week has been characterized with various executive appointments and re-shuffling. Leading chipmaker Intel is the latest to make significant executive changes as it announced that longtime executive Andy Bryant will be its new chairman, effective May 2012.

In preparation for the transition, Intel’s board is temporarily expanded from 10 to 11 and elected Andy Bryant as the new vice chairman.  In the meantime, Andy Bryant is expected to work with the outgoing chairman, Jane Shaw, until she retires on May 2012.

“The board welcomes the addition of Andy Bryant to its ranks and looks forward to his service as the next chairman,” said Shaw, non-executive chairman.  “His deep knowledge of Intel and his unmatched wisdom will serve the company well.”

Andy Bryant has worked for Intel since 1981. He once served as the company’s chief financial officer for 13 years and recently a senior executive responsible for Technology and Manufacturing Group, Information Technology, Human Resource and Finance. He now holds the title of executive vice president and chief administrative officer. Prior to his stint at Intel, he held positions in finance at Ford and Chrysler.

Hopefully, this change could boost the Intel’s growth. Intel has been doing well so far despite the rapid growth of smartphones and tablets sales.  But it’s going to be a tough transition to the mobile space as Intel loses out on slowing PC sales, and faces competition from other chipmakers that have taken the mobile industry by storm.

Recently, the company received a $295 million grant from the Israel government. The grant could supplement the company’s $1.4 billion expansion project in Israel. Currently, Intel has a factory in Kiryat Gat and plans to build a new assembly plant in the north. Aside from the grant, Intel would also receive various tax benefits to encourage further investment. In return, Intel is expected to hire 1,500 additional workers in Kiryat Gat and 600-1000 new workers in the north.

This week has been filed with major staff changes in the tech industry. Some companies wanted to enhance growth, so they hired experienced executives. Like virtualization solutions provider Citrix, which hires three new vice presidents.  Enterprise solutions provider SAP also joined into the mix by hiring Kevin Nix as the new head of its OnDemand business. On the other hand, there also some changes aimed in restructuring a company through layoffs. AOL sent out a memo informing the dismissal of three executives. On a much wider scale than AOL, smartphone maker RIM started to layoff 2,000 workers this week.


A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network

Are you an AWS customer?  Support SiliconANGLE financially by buying your AWS services from our Marketplace portal page and links: https://siliconangle.com/aws-marketplace/

 

About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.

Send us a news tip

Send us a News Tip

  • This field is for validation purposes and should be left unchanged.

Sign in or create an account

SIGN IN

OR

New User? SIGN UP

Join us

SIGN UP

Bio

Ethics statement

Extract the signal from the noise

Get SiliconANGLE updates and analysis.

Contact us

Partner with us

Contact us

Guest inquiry