Intel promoted Chief Operating Officer Brian Krzanich to be its new CEO on Thursday, replacing Paul Otellini. Here are some facts about Intel's new leader.
1) Krzanich will be only the sixth CEO in the history of Intel, and all six have been chosen from within the company. Intel, the top semiconductor manufacturer in the world, was estabilshed in 1968.
2) Krzanich, 52, began working at Intel immediately after graduating from San Jose State with a chemistry degree in 1982. Beginning as a process engineer, he moved up to the COO position in January 2012; his two predecessors as CEO also moved to that position from the COO spot.
3) Unlike Otellini, Krzanich will not serve as CEO and president. Renee James, who was considered a candidate to be Intel's first female CEO, was awarded the position of president.
4) Krzanich has a tough job ahead of him -- Intel's sales dropped by $658 million in 2012 and the Santa Clara company lost more than $32 billion in market cap. The company is in danger of losing its No. 3 spot on the SV150 list of Silicon Valley's largest technology companies to Google.
5) Krzanich and James will officially step into their roles May 16 at the Intel annual shareholders meeting.
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