Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Blue Label Telecoms to change its name as restructuring gathers pace

      11 July 2025

      Get your ID delivered like pizza – home affairs’ latest digital shake-up

      11 July 2025

      EFF vows to stop Starlink from launching in South Africa

      11 July 2025

      Apple plans product blitz to reignite growth

      11 July 2025

      Nissan doubles down on South Africa despite plant uncertainty

      11 July 2025
    • World

      Grok 4 arrives with bold claims and fresh controversy

      10 July 2025

      Bitcoin pushes higher into record territory

      10 July 2025

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025

      Grammarly acquires e-mail start-up Superhuman

      1 July 2025

      Apple considers ditching its own AI in Siri overhaul

      1 July 2025
    • In-depth

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025
    • TCS

      TCS+ | MVNX on the opportunities in South Africa’s booming MVNO market

      11 July 2025

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025

      TCS+ | First Distribution on the latest and greatest cloud technologies

      27 June 2025
    • Opinion

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » World » Intel faces leadership crisis after CEO ousted

    Intel faces leadership crisis after CEO ousted

    By Agency Staff22 June 2018
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    The ouster of Intel CEO Brian Krzanich for an inappropriate workplace relationship leaves the world’s second largest chip maker with the worst leadership crisis in its 50-year history.

    During a five-year stint as CEO, Krzanich upended Intel’s executive mentoring approach and pushed out several internal leaders, some of whom vied with him for the top job. That leaves a thinner executive bench from which to pick a successor, and forces the company to look outside to potentially lure back some of the talent who left or were pushed out.

    Leaders who may have stepped into the CEO role in this situation but who left include Renee James, Stacy Smith, Dadi Perlmutter, Kirk Skaugen and Dianne Bryant. The remaining leadership team includes only one who came up through Intel’s ranks, Navin Shenoy, while prominent outsiders who joined include Murthy Renduchintala.

    Given so much change driven by Mr Krzanich, his departure could make succession planning and further transition challenging

    Whoever takes over must maintain Intel’s lead in data centre chips, find a way to crack the mobile device market, integrate a series of acquisitions and oversee an expansion into new businesses such as automotive components and the Internet of things.

    Intel said on Thursday it has a “robust succession planning process in place and has begun a search for a permanent CEO, including both internal and external candidates”.

    Some analysts disputed the “robust” characterisation, while others said Intel shares could be ” dead money” until the company provides clarity on succession.

    “Given so much change driven by Mr Krzanich, his departure could make succession planning and further transition challenging,” said Cowen analyst Matt Ramsay.

    Intel put chief financial officer Bob Swan in the top job while it looks for a replacement. “We do not believe he is a logical choice to hold the permanent CEO seat at a hardware and manufacturing giant like Intel,” Ramsay said.

    Intel has always appointed leaders from within its own ranks. Krzanich, 58, was promoted to president after a competition with peers. Then, in 2013, he won another battle for the CEO position after predecessor Paul Otellini left.

    Replaced rivals

    Once in charge, Krzanich, who is known as BK, replaced former rivals, such James, Smith and Perlmutter, largely with appointees from outside. The leaders of Intel’s biggest business groups, Skaugen and Bryant, also left to work for Intel customers during Krzanich’s tenure.

    Shenoy, a 44-year-old head of the data centre business, is the only current member of Intel’s top echelon who came up via a long-established system whereby promising junior executives were apprenticed to senior leaders then moved between various roles to gain experience.

    While the system is still in place, Krzanich presided over the biggest-ever inflow of outside appointees into the company’s senior ranks. The new guard, led by Swan, a former eBay CFO, was brought in to kick-start efforts to enter new markets with products outside of Intel’s traditional strength in personal computer microprocessors.

    The most prominent outsider is Renduchintala, who oversees chip operations. He was recruited from Qualcomm, the biggest maker of chips that power mobile phones, a market Intel has struggled to crack for decades. Other outsiders who joined include Lantzsch, a former executive at ARM Holdings, a leading mobile chip-design company.  — Reported by Ian King, (c) 2018 Bloomberg LP



    Brian Krzanich Intel top
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleTelecoms industry sees red over new Tshwane fees
    Next Article DStv deserves a level playing field against Netflix

    Related Posts

    TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

    4 July 2025

    Tan eyes 14A pivot as Intel rethinks foundry future

    2 July 2025

    Computex 2025 – key takeaways from Asia’s biggest AI tech show

    23 May 2025
    Company News

    $125-trillion traded: Binance redefines global finance in just eight years

    11 July 2025

    NEC XON welcomes HPE acquisition of Juniper Networks

    11 July 2025

    LTE Cat 1 vs Cat 1 bis – what’s the difference?

    11 July 2025
    Opinion

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.