Leading managers are leaving Intel
The recent restructuring at semiconductor giant Intel had also brought about changes in management. Speculations since April have claimed that some senior managers from the Mobile and Wearable division would soon pack their bags. Now, the news has been made official.
The CVPs Mike Bell and Hermann Eurl will be leaving due to mergers with the New Technology Group (NTG). Both held positions at the Mobile and Communications Group led by Kirk Skaugen. NTG now includes former Intel divisions such as Labs, Perceptual Computing Group, and New Business Initiatives Organization. Last year, the Mobile and Communications Group reported an operating loss of $4.21 billion. The merger is expected to alleviate Intel's financial results.
Additionally, Intel President Renee James will also be leaving Intel starting January 2016 following approximately 28 years at the company. This was reportedly at her own request and she currently has no equal positions in line at other companies. President of Intel Capital Arvind Sodhani will also be leaving his post starting early next year after 35 years at Intel.
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