Intel names chief operating officer to succeed Otellini as its CEO later this month

SANTA CLARA, Calif. - Intel has chosen its chief operating officer, Brian Krzanich, to become its new CEO.

The company said Thursday that Krzanich will take over as CEO on May 16 when Paul Otellini steps down from the position and its board.

The 52-year-old Krzanich has worked at Intel Corp. since 1982.