Intel CEO Set to Retire in May

Paul Otellini spent almost forty years at the computer chip company

Intel's CEO Paul Otellini will retire in May, the chip company has confirmed, though no replacement has yet been found. Otellini – who joined Intel nearly forty years ago, and has been its CEO for the past eight years – will transition out of his role over a six month period, having been the primary motivator behind Intel's strategy in ultrabooks, though has also seen the company struggle to compete in mobile processors.