Intel CEO Paul Otellini Plans to Retire in May after Four Decades of Employment

Maximum PC: Intel today announced that its president and CEO, Paul Otellini, is calling it quits after nearly 40 years of continuous service to the company and its shareholders. Otellini, who's only the fifth CEO in Intel's 45-year history, gave the company six months notice to find a replacement, as his retirement will become official in May 2013. A successor has not yet been named, though Otellini did say he will make himself available as an adviser after stepping down.

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