Intel CEO Paul Otellini will retire in May

Intel CEO Paul Otellini.
(Credit: Dan Farber/CNET)
Intel’s Paul Otellini will retire from his post as president and CEO in May 2013, the chipmaker announced today.
The time frame will give the board of directors almost six months to look for the right person to succeed Otellini. The board said that it’s open to either internal or external candidates for the job, a sign that the company doesn’t appear to have anyone specific in mind at this point.
Otellini’s retirement will close the door on almost 40 years of employment with Intel.
“Paul Otellini has been a very strong leader, only the…

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