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Intel Exec Promotions Announced

Santa Clara, Calif. – Intel today announced a number of
executive changes, including the advancement of Brian Krzanich to COO.

Krzanich, previously senior VP of Intel’s worldwide
manufacturing, will report directly to CEO Paul Otellini. He will oversee
internal IT and human resources, retain his previous responsibilities and
handle other COO duties.

Andy Bryant will become executive chairman of the board, up
from vice chairman. He previously handled internal IT and human resources,
which are now under Krzanich.

Dadi Perlmutter is being promoted to chief product officer.
He will continue with his current post, leading Intel’s architecture group, and
will also report to Otellini.

Stacy Smith, VP and chief financial officer, will now report
to Otellini instead of Bryant.

Bill Holt, senior VP and head of the technology department, will
continue to co-manage the technology and manufacturing group and will report
directly to Otellini.

Kirk Skaugen, Intel’s VP and head of the company’s data
center business, will now be in charge of the PC client group. Skaugen will
report to Perlmutter. He replaces VP Mooly Eden, who is moving back to Intel
Israel at his own request. Eden led the PC client group since 2009.