DOW JONES NEWSWIRES
Intel Corp. (INTC) announced a restructuring of its
chain-of-command, placing more responsibility on three senior
officials under Chief Executive Paul Otellini.
The re-organization is designed to thin the number of executives
reporting directly to Otellini, providing him with more time to
devote to corporate strategy.
Intel is consolidating all of its major product divisions under
a new group headed by Sean Maloney and Dadi Perlmutter. Maloney -
who has been the company's sales and marketing chief - will oversee
the business end while Perlmutter will lead product
development.
Meanwhile, Chief Administrative Officer Andy Bryant will oversee
Intel's manufacturing operations. The company said the move
"formalizes the role of influence Bryant already plays" with the
group "and further increases Otellini's time on business
strategy."
In addition to manufacturing, Bryant will be charged with
running many of Intel's administrative operations, such as human
resources and the office of the chief information officer.
With the implementation of the new organizational structure,
eight units will report directly to the chief executive. Intel
spokesman Chuck Mulloy said the number was previously "well over"
eight.
The re-organization will not change the way Intel breaks out its
financial results, Mulloy said.
The move, which include the departure of General Counsel Bruce
Sewell, comes as the chip giant has been reporting increased demand
and recently boosted its third-quarter expectations.
Sewell will be replaced on an interim basis by deputy general
counsel Suzan Miller.
Maloney will be succeeded by Tom Kilroy, who previously was
co-manager of processors for enterprise-class applications, the
unit previously known as the digital enterprise group.
Pat Gelsinger, who was the other co-manager, will leave. He is
expected to take an executive role with storage giant EMC Corp.
(EMC), running that company's storage-products operations and some
smaller software units, according to The Wall Street Journal.
Intel shares were down 1% premarket at $19.32. The stock through
Friday was up 33% this year.
-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354;
kevin.kingsbury@dowjones.com