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Former Intel Boss Dies


Paul Otellini, the former chief executive officer of Intel Corp. (INTC), died in his sleep on Monday, the chipmaker said. He was 66 years old.

"We are deeply saddened by Paul's passing. He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first," Intel CEO Brian Krzanich said.

A veteran of nearly 40 years at Intel, Otellini served as the company's fifth CEO from 2005 until his retirement in 2013. Under his tenure, Intel was the world's largest chipmaker.

Under Otellini's leadership, Intel made important strategic, technological and financial gains, the company said in a statement. He was the first CEO of Intel without a technical background.

Otellini's accomplishments included signing on notable new customer engagements, such as winning the Apple PC business, in addition to business partnerships and strategic acquisitions that expanded Intel's presence in security, software and mobile communications.

In the last full year before Otellini was named CEO in 2005, Intel recorded $34 billion in sales. However, the figure surged to $53 billion by 2012.

Otellini was born in San Francisco on October 12, 1950. After getting an MBA from the University of California, Berkeley, he joined Intel in 1974 and served in a number of positions, including as general manager of Intel's Peripheral Components Operation and the Folsom Microcomputer Division. In 1989, he served as then-CEO Andy Grove's chief of staff.

Otellini worked his way up the ladder and later served as Intel's chief operating officer from 2002 to 2005.

Since his retirement in 2013, Otellini dedicated time to mentoring young people and being involved with several philanthropic and charitable organizations, including the San Francisco Symphony and San Francisco General Hospital Foundation.

Otellini is survived by his wife Sandy, son Patrick and daughter Alexis.

by RTTNews Staff Writer

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