What happened to Paul Otellini?

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.

When was Paul Otellini CEO of Intel?

Paul Otellini, who served as Intel’s chief executive from 2005 until his mid-2013 retirement, has died at the age of 66. He passed away in his sleep on Monday, the company said today. In all, Otellini spent over 40 years as an Intel employee.

What is Paul Otellini known for?

Otellini led Intel from 2005 to 2013 and was the first leader of that Silicon Valley giant who was not trained as an engineer. He rose mainly through Intel’s sales and marketing ranks after joining the company in 1974, but he held other positions as well, including chief of staff for Andrew S.

When did Paul Otellini retire?

1992Intel
1998Intel2002Intel2005IntelNovember 20, 2012Intel
Paul Otellini/Left dates

Does Intel have a mandatory retirement age?

Do CEOs have a shelf life? Some companies appear to believe so; a majority of firms in the S&P 1500, and more than a third of S&P 500 firms, have policies in place that mandate the retirement of their CEOs at age 65, including General Electric, Altria, ExxonMobil, and Intel.

What is the rule of 75 at Intel?

Satisfy the requirements of the Rule of 75, which means the combined total of your age plus your years of service (both calculated in completed, whole years) is equal to or greater than the number 75.

What is the 75 rule?

You are eligible to receive retiree benefits if you meet the “Rule of 75”. This rule states that you must be a minimum of 55 years of age and have a minimum of 10 years of continuous full-time service; if you meet both minimums, then the total of your age and years of service must equal at least 75.

What is the retirement age at Intel?

at least 65 years old
Be at least 65 years old with no minimum years of service requirement. Satisfy the requirements of the Rule of 75, which means the combined total of your age plus your years of service (both calculated in completed, whole years) is equal to or greater than the number 75.

What is the rule of 60?

Rule of 60 means the sum of a Participant’s age and Years of Service, provided such sum equals or exceeds sixty (60) and the Participant is credited with at least ten (10) Years of Service on the Effective Date.

When did Tom Otellini become the CEO of Intel?

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 replaced Craig Barrett as the new CEO of Intel. Otellini was considered a departure from the norm when he was promoted to CEO because he was not formally trained as an engineer.

Is Paul Otellini a good leader?

“Paul Otellini has been a very strong leader, only the fifth CEO in the company’s great 45-year history, and one who has managed the company through challenging times and market transitions,” said Andy Bryant, chairman of the board.

Who is the CEO of Intel Corporation?

Since joining Intel in 1974, Otellini has managed several Intel businesses, including the company’s PC and server microprocessor division and the global sales and marketing organization. In 2002, Otellini was elected to Intel’s board of directors and promoted to president and chief operating officer.

Is Paul Otellini still alive?

Paul Stevens Otellini (October 12, 1950 – October 2, 2017) was an American businessman and one-time president and CEO of Intel. He was also on the board of directors of Google . Paul S. Otellini was born and raised in San Francisco, California, United States.