Intel has revealed plans to promote a number of employees to key executive roles as part of a far-reaching management reshuffle.
The company said it would be appointing a new board chair, as well as a chief operating officer and chief product officer.
Taking over the company's board of directors will be Andy Bryant. Formerly vice chairman of the company, Intel said Bryant will be assuming the director role in May.
Additionally, Intel will appoint Brian Krzanich to the chief operating officer role. Krzanich had formerly served as senior vice president of worldwide manufacturing and the company said he will continue to help manage factory efforts.
The company will also be promoting former architecture head Dadi Perlmutter to the chief product officer role.
Bryant's move to the chair position will also lead to a streamlining in the chain of command at Intel.
Along with Krzanich and Perlmutter, chief financial officer Stacy Smith and head of technology development Bill Holt will all be reporting directly to chief executive Paul Otellini.
Intel will also be facing a key departure. Vice president Mooly Eden will be leaving Silicon Valley to run the company's operations in Israel. Taking Eden's place as head of the PC client group will be former data centre head Kirk Skaugen.
The executive shuffle comes on the back of Intel's best ever financial performance. The chipmaker capped off a landmark 2011, during which revenues climbed to $54bn – an annual increase of 24 per cent.
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