Paul S. Otellini is the President and CEO of Intel, the world’s largest chipmaker. Otellini took over from Craig Barret to become Intel’s fifth CEO on May 18, 2005. Prior to becoming the CEO, Otellini was the COO, a position that he held since 2002
Otellini is NOT an Engineering graduate. He comes from economics background. Otellini received Bachelor’s degree in Economics from University of San Francisco in 1972 followed by MBA from University of California, Berkley in 1974.
Pay and Perks
Otellini hold 196th position in Forbes Executive Pay in 2011. In 2010, Otellini received $15,652,500.00 ( $15.6525 million) in total compensation that included $1 million as base salary. He also received close to half million compensation from Google Inc. in 2009.
Otellini joined Intel in 1974 and held several positions in Intel.
1993 and earlier – General Manager of the Microprocessor Products Group
1994 to 1996 – Senior vice president and general manager of sales and marketing.
1996 to 1998 – Executive vice president of sales and marketing
1998 to 2002 – Executive vice president and general manager of the Intel Architecture Group.
2002 to 2005 – Chief Operating Officer
Key Achievements Inside Intel
Otellini was the key force behind the Intel-Apple collaboration, where Apple started using Intel chips inside its MAC and MacBooks. Otellini also sanctioned 10,500 layoffs of 10% of the workforce in 2006 to save multi billion dollars in the following years. The cost saving efforts took new direction by his announcement of $3 billion semiconductor Fab in Dalian, China, in 2007
Otellini is a single company person. He has been with Intel ever since he joined it in 1974 after graduating from University of California, Berkley. Besides Intel, Otellini is also on the board of Directors of Google Inc.