Amid top management transition at Intel Corp., President Renée J. James will resign in January. The Silicon Valley giant's chief executive officer (CEO), Brian Krzanich confirmed that James will be pursuing an external chief executive role elsewhere.
The 51-year-old Intel president, Renée J. James, is considered as one of the most prominent female executives in Silicon Valley. She has been working at Intel Corp. for 28 years and has been the highest-ranking woman at Intel ever.
"Over the past 28 years, Renée [James] has contributed immeasurably to Intel," Krzanich said in a statement. "On behalf of the Board and management team, we sincerely thank Renée for her tireless efforts toward building the business that we have today, and we fully support her in this decision."
During her stay at Intel, Renée James has handled the positions of executive vice president and general manager of the software and services group. According to F. Property Masters, James has also been the chief operating officer (COO) of the company's online services as well as its data center services business among others.
Renée James' resignation came amid several major management changes that the chipmaker company Intel announced Thursday. Aside from James, three high-ranking executives are also leaving the company after their responsibilities have been changed in the recent reorganization transition, The Wall Street Journal has learned.
The retirement of the 35-year veteran and longtime Intel Capital chief Arvind Sodhani, 61, was also announced. He will be replaced by the company's Merger and Acquisitions president Wendell Brooks. Other high-ranking Intel executives Hermann Eul and Michael Bell are also leaving the company. They will be replaced by other top managers taking on expanded responsibilities.
In addition, Intel Corp. said these organizational transitions are being made to systematize operations and restructure the company's position for growth and development, USA Today Money reported.
"We are aligning our leadership structure to continue to become more efficient in order to deliver the benefits of our strategy even faster than before," Krzanich said in a statement.
The transition also came as Intel Corp. has been hurt by declining sales of PCs that use its microprocessors, while results from efforts to expand into new markets have been combined. Since the chipmaker hasn't placed chips in many smartphones and its sales of chips for tablets required costly subsidies, it prompted operational losses.
Meanwhile, as major changes are coming to Intel's top management, Renée James would be stepping down as the company's president. Despite her resignation, she'll stick around until January to help with the transition.
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