Paul Otellini
Photo: Tumbenhaur, CC BY-SA 3.0, via Wikimedia Commons24

Paul Otellini

Former CEO of Intel (1950–2017)

Paul Stevens Otellini (October 12, 1950 – October 2, 2017) was an American businessman who w as president and CEO of Intel. He was also on the board of directors of Google.2

From Wikipedia’s article on Paul Otellini (this version), CC BY-SA 4.0.

Born Oct 12, 1950, died Oct 2, 2017.1

Companies

  • Alphabet Inc.Board member Feb 11, 2016 to Jul 7, 201711
  • GoogleBoard member May 15, 2006 to Jul 23, 201512
  • IntelChief executive officer May 18, 2005 to May 2, 201313
  • IntelBoard member Jan 28, 2004 to Apr 26, 201314
  • IntelPresident Jan 28, 2004 to Apr 26, 201314
  • IntelChief operating officer Jan 28, 2004 to Apr 25, 200514

Holdings

Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.

Shares held

  • Intel INTC1,292,412 shares15$116.3M at $90.02Apr 26, 2013

As of each latest filing. The line shows shares held over time.

Recent filings

  • Apr 24, 2013Shares withheld for tax 4,869 shares at $23.52 of Intel15
  • Apr 24, 2013Exercised options 9,330 shares of Intel15
  • Apr 24, 2013Shares withheld for tax 5,692 shares at $23.52 of Intel15
  • Apr 24, 2013Exercised options 10,908 shares of Intel15
  • Apr 17, 2013Shares withheld for tax 19,568 shares at $21.86 of Intel16
  • Apr 17, 2013Exercised options 37,500 shares of Intel16
  • Feb 22, 2013Shares withheld for tax 148,817 shares at $20.30 of Intel17
  • Feb 22, 2013Exercised options 285,198 shares of Intel17
  • Jan 24, 2013Shares withheld for tax 4,869 shares at $21.05 of Intel18
  • Jan 24, 2013Exercised options 9,330 shares of Intel18
  • Jan 24, 2013Shares withheld for tax 5,692 shares at $21.05 of Intel18
  • Jan 24, 2013Exercised options 10,908 shares of Intel18
  • Jan 22, 2013Shares withheld for tax 43,234 shares at $21.16 of Intel19
  • Jan 22, 2013Granted 94,518 shares of Intel19
  • Dec 19, 2012Gift 150,000 shares of Intel20
  • Oct 24, 2012Shares withheld for tax 4,356 shares at $21.57 of Intel21
  • Oct 24, 2012Exercised options 9,330 shares of Intel21
  • Oct 24, 2012Shares withheld for tax 5,093 shares at $21.57 of Intel21
  • Oct 24, 2012Exercised options 10,909 shares of Intel21
  • Jul 24, 2012Shares withheld for tax 4,356 shares at $25.00 of Intel22
  • Jul 24, 2012Exercised options 9,330 shares of Intel22
  • Jul 24, 2012Shares withheld for tax 5,092 shares at $25.00 of Intel22
  • Jul 24, 2012Exercised options 10,908 shares of Intel22
  • May 16, 2012Shares withheld for tax 228,162 shares at $26.74 of Intel23
  • May 16, 2012Exercised options 488,776 shares of Intel23

Early life and education

  • Date not recordedHaas School of Business3
  • Date not recordedUniversity of San Francisco3
  • Date not recordedSt. Ignatius College Preparatory3

Otellini was born and raised in San Francisco, California, United States. His family is of Italian origin. Otellini graduated from St. Ignatius College Preparatory and held a bachelor's degree in economics from the University of San Francisco earned in 1972. He received an MBA from the Haas School of Business at the University of California, Berkeley in 1974.

From Wikipedia’s article on Paul Otellini (this version), CC BY-SA 4.0.

Career

Occupation: businessperson.6

  • 2005 to 2013Chief executive, Intel5
  • Date not recordedWorked at Intel4

Otellini joined Intel in 1974, Otellini was appointed an operating group vice president in 1988, elected as an Intel corporate officer in 1991, and made senior vice president in 1993. He was general manager of the Microprocessor Products Group, leading the introduction of the Pentium microprocessor that followed in 1993. He also managed Intel's business with IBM, was general manager of both the Peripheral Components Operation and the Folsom Microcomputer Division, where he was responsible for the company's chipset operations, and was a technical assistant to then-Intel president Andrew Grove.

He was promoted to executive vice president in 1996. From 1998 to 2002, he was executive vice president and general manager of the Intel Architecture Group, responsible for the company's microprocessor and chipset businesses and strategies for desktop, mobile and enterprise computing. From 1996 to 1998, Otellini was executive vice president of sales and marketing and from 1994 to 1996 as senior vice president and general manager of sales and marketing.

In 2002, he was elected to the board of directors and became president and Chief Operating Officer at the company. On May 18, 2005, he succeeded Craig Barrett as the new CEO of Intel. Otellini was considered a departure from the norm as he was the first Intel CEO who was not an engineer.

Otellini is reported to have been a major force in convincing Apple Inc. in the Apple-to-Intel transition, and being very fond of Mac OS X, saying Microsoft's Windows Vista is "closer to the Mac than we've been on the Windows side for a long time".

In 2006, he oversaw the then-largest round of layoffs in Intel history when 10,500 (or 10% of the corporate workforce) employees were laid-off. Job cuts in manufacturing, product design, and other redundancies, were made in an effort to save $3 billion/year in cost by 2008. Of the 10,500 jobs, 1,000 layoffs were at the management level. In 2007, Otellini announced plans to build a $3 billion semiconductor manufacturing plant in the port city of Dalian, China.

In 2006, Otellini was named Haas Business Leader of the Year. Nevertheless, in hindsight, Otellini has made the strategic mistake of ignoring the mobile processor market, and also did not develop credible technology to counter ARM-based architecture. These missteps, combined with missed product cycles under Otellini's successors, would come back to haunt Intel over a decade later.

On November 19, 2012, Otellini announced his intention to retire in May 2013.

From Wikipedia’s article on Paul Otellini (this version), CC BY-SA 4.0.

Personal life

  • BornOct 12, 1950, San Francisco7 8
  • DiedOct 2, 2017, Kenwood9
  • CitizenshipUnited States10

Otellini died in his sleep on October 2, 2017, at his home in Sonoma County, California. He was survived by his second wife, of 30 years, Sandy Otellini; his son, Patrick; and his daughter, Alexis.

From Wikipedia’s article on Paul Otellini (this version), CC BY-SA 4.0.