Feeds

Intel chairman Craig Barrett retires

Timing is everything

Secure remote control for conventional and virtual desktops

Intel had announced that its chairman, Craig Barrett, will retire at the company's annual stockholders' meeting this May.

No reason was given for the retirement. The Reg has contacted Intel for clarification, but has not immediately received a response. We'll update you when we do.

Barrett's announcement comes just two days after Intel revealed that it would close five plants in a restructuring move that would affect between 5,000 and 6,000 employees worldwide.

Barrett, who at 69 is three years from Intel's mandatory retirement age, joined the company in 1974. Among his many positions during his 35-year tenure, he served as CEO from 1998 through 2005.

In a statement, Barrett said that he had "every confidence that Intel will continue [its technology] leadership under the direction of [president and CEO] Paul Otellini and his management team."

Otellini said that Barrett's "legacy spans the creation of the best semiconductor manufacturing machine in the world, leading Intel for seven years as we emerged into a global powerhouse."

Intel's board of directors has elected independent director Jane Shaw to take the reins in May as the company's non-executive chairman.

Shaw's challenges are readily apparent to industry watchers, as Intel and the rest of the semiconductor industry struggle to wend their way through a Meltdown so severe that Rick Tsai, CEO of the giant Taiwan Semiconductor Manufacturing Company, predicted today that the global semiconductor market may shrink by 30 percent in 2009.

Whatever Barrett's reasons are for retiring, you can't fault his timing. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
UK.gov pushes for SWIFT ACTION against nuisance calls, threatens £500k fines
DCMS seeks lowering of legal threshold to fight rogue firms
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.