Who Will Be Intel’s Next CEO?
The man responsible for Intel’s (NASDAQ:INTC) strategy in Asia and the man once assumed to be the next CEO of the company, Sean Maloney, announced his impending January retirement on Wednesday.
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British-born Maloney joined Intel 30 years ago and held a number of positions in the U.S. and abroad. Before becoming chairman of Intel China, Maloney was the co-general manager in charge of business operations for Intel’s Architecture Group, as well as the chief of sales and marketing. Between 1992 and 1995, he was a technical assistant to Andy Grove, then CEO of Intel, who defined many of the company’s policies.
Maloney’s efforts helped popularize Wi-Fi networking technology in laptops, and promoted a technology, known as WiMax, that was bypassed by cellular carriers in favor of LTE. As chairman of Intel in China, he had helped form relationships with manufacturers and consumers of personal computers. In his most recent contribution to Intel, Maloney introduced the chip-maker’s line of sleep laptops at the 2011 Computex trade show in Taiwan.
Over the course of his career, the company’s brand became well-known in mainland China, where Intel now has 8,000 employees and customer service operations in more than 110 cities. In 2011, Intel said the company derived $8.1 billion of its total $54 billion revenue from the country, which included Hong Kong.
Before Maloney suffered a stroke in 2010, which temporarily sidelined him from management roles, he had been considered to take over the role of CEO. Now, chief operating officer Brian Krzanich, chief product officer Dadi Perlmutter, and chief financial officer Stacy Smith are most frequently mentioned by analysts as potential CEO candidates.
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