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SOURCE: Oregon Public Broadcasting
Intel Stock Up After Announcement of New CEO
Kristen Foden-Vencil, Oregon Public Broadcasting
May 2, 2013
Intel stock increased a half a percent
Thursday after it was announced Brian Krzanich will step in as the new
Chief Executive Officer. Krzanich is 52 and currently serves as
chief operating officer. He will take over May 16th -- succeeding Paul
Otellini, who unexpectedly announced his resignation in November.
Portland
investment advisor Bill Parish owns Intel stock and says Krzanich has
been with the company for 30 years and is a chemical engineer.
"People forget what a great motivator it is for other employees to see someone promoted internally to the top."
The world’s largest semiconductor manufacturer has major production and research centers in Hillsboro.
The
company also named Renee James as its next president. Parish says that
puts her a stone's throw away from completely shattering the glass
ceiling at a major tech firm.
Intel is in the middle of a significant transition as mobile devices become more popular than personal computers.
Bill Parish
Parish & Company
10260 SW Greenburg Rd., Suite 400
Portland, OR 97223
Tel: 503-643-6999
email: bill@billparish.com
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