Intel names Krzanich CEO

Will will assume new role at the company's annual stockholders' meeting on May 16.

Intel announced Thursday that Brian Krzanich will be the company's next CEO, succeeding Paul Otellini. Krzanich, who has been chief operating officer and senior vice president, of the company, was widely considered one of three top candidates for the job. He was promoted to senior vice president on Nov. 20, the same day Otellini's retirement was announced.

(More to come.)

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