Intel (INTC) announced that the board of directors has unanimously elected Brian Krzanich as its next chief executive officer, succeeding Paul Otellini. Intel announced last November that Otellini would retire. Krzanich will become the sixth CEO in Intel’s history beginning May 16. Krzanich has been Intel’s chief operating officer since January 2012, and has progressed through a series of technical and leadership roles since joining Intel in 1982.
“Brian is a strong leader with a passion for technology and deep understanding of the business,” said Andy Bryant, chairman of Intel. “His track record of execution and strategic leadership, combined with his open-minded approach to problem solving has earned him the respect of employees, customers and partners worldwide. He has the right combination of knowledge, depth and experience to lead the company during this period of rapid technology and industry change.”
As chief operating officer, Krzanich led an organization of more than 50,000 employees spanning Intel’s Technology and Manufacturing Group, Intel Custom Foundry, NAND Solutions group, Human Resources, Information Technology and Intel’s China strategy. The board of directors also elected Renée James, 48, to be president of Intel. “I look forward to partnering with Renée as we begin a new chapter in Intel’s history,” said Krzanich. “Her deep understanding and vision for the future of computing architecture, combined with her broad experience running product R&D and one of the world’s largest software organizations, are extraordinary assets for Intel.”
Intel Invests in FeedHenry
This week Irish cloud-based mobile enterprise application provider FeedHenry announced that it has secured $9 million in funding in a round led by Intel Capital. Existing investors include VMware, Enterprise Ireland, and other private investors. The new funding will provide FeedHenry with the capital to accelerate the international roll out of its mobile application platform that draws on critical cloud-based technology. FeedHenry provides a next generation mobile application platform that helps businesses build mobile app solutions that integrate securely to their business through the cloud.
“ Increasingly, enterprises are viewing mobile apps as transformative to their business operations” commented Cathal McGloin, CEO, FeedHenry “As organizations evolve towards more complex apps with connections to multiple backend systems, the need for a cloud-based mobile application platform is compelling. This new investment will give us the means to continue to innovate and expand the capabilities of our platform to better serve our growing customer base.”