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 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.
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."
Maloney will be succeeded by Tom Kilroy, who previously was
co-manager of processors for enterprice-class applications, the
unit previously known as the digital enterprise group. Pat
Gelsinger, who was the other co-manager, will leave.
Sewell will be replaced on an interim basis by deputy general
counsel Suzan Miller.
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