Since joining Intel back in 1974, Otellini has worked his way up the ranks at the microprocessor manufacturer, Intel, but now after 40 years at the company and 8 years as CEO, he is retiring, aged 62.

Whilst at Intel, Otellini has seen the introduction of the Pentium chip which can be credited to persuading Apple to make the move from PowerPC to Intel.  More recently, during his time on the board of directors, Otellini takes credit for ‘revolutionising computing’ with the advent of Ultrabooks and also allowing Intel to tap into the mobile market with the first Intel powered mobile handsets currently being released.

In a statement, Otellini said “I've been privileged to lead one of the world's greatest companies.” “After almost four decades with the company and eight years as CEO, it's time to move on and transfer Intel's helm to a new generation of leadership. I look forward to working with Andy [Bryant], the board and the management team during the six-month transition period, and to being available as an advisor to management after retiring as CEO.”

The announcement comes as the market begins to shift away from high powered silicon in preference of low power/ low heat output chips such as the ARM architecture for mobile and tablet devices. With Intel being a little late to the party, the newly elected CEO will have quite the challenge on his hands.

The changeover will occur over the next six months in what Intel is hoping to be a smooth transition with three senior employees receiving promotions to Executive Vice President Level.

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