Paul Otellini, former Intel CEO, passes away
Intel Corporation today announced that the company's former CEO Paul Otellini passed away in his sleep Monday, Oct. 2, 2017, at the age of 66.
"We are deeply saddened by Paul's passing," Intel CEO Brian Krzanich said. "He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first."
Paul Otellini became Intel's fifth chief executive officer in 2005. Under his leadership the company transformer operations and cost structure for long-term growth, assumed a leadership position in the server market segment and maintained profitability during the Great Recession.
Other accomplishments included signing on notable new customer engagements, such as winning the Apple PC business, and business partnerships and strategic acquisitions that expanded Intel's presence in security, software and mobile communications. On the financial front, Intel generated more revenue during his eight-year tenure as CEO than it did during the company's previous 45 years: in the last full year before he was named CEO, Intel had $34 billion in sales; by 2012, the number had grown to $53 billion.
"Paul's business acumen, optimism and dedication fueled our growth throughout his tenure as CEO," Intel Chairman Andy Bryant said. "His tireless drive, discipline and humility were cornerstones of his leadership and live on in our company values to this day."
Otellini was born in San Francisco on Oct. 12, 1950, and remained a fan of the city all his life. He earned a bachelor's of economics from the University of San Francisco in 1972 and his MBA from the University of California, Berkeley in 1974, the same year he first joined Intel. He had served as general manager of Intel's Peripheral Components Operation and the Folsom Microcomputer Division, and in 1989 as then-CEO Andy Grove's chief of staff.
Since he retired in 2013, Otellini dedicated time to mentoring young people and being involved with several philanthropic and charitable organizations, including the San Francisco Symphony and San Francisco General Hospital Foundation.
Paul and his wife, Sandy, were married for 30 years. He is survived by his wife, his son, Patrick, and his daughter, Alexis.