Thank god the board didn't cave to the popular opinion of the market in selecting a new CEO.
Otellini has put all of the dynamics in place to crush ARM and take full control over the processor market. The roadmap is superb and is starting to get huge traction. Making processors and building fabrication plants is an incredibly complex business. The idea of bringing someone in from the outside and waiting 5 or 10 years for them to master the complexity has always been a non-starter for me.
Any of the top Intel executives would have been a solid choice. They are familiar with the strategy plan and can continue to implement it smoothly. Intel's mobility strategy is as solid as a rock and moving forward.
Three cheers for the board for making the right choice. Time to ramp things up...
2013: Year of the Intel Tablet
2014: Year of the Intel Smartphone
Did you guys watch the CNBC video on the CEO selection?
According to CNBC:
It appears that the CEO candidates were asked to present their respective visions to the Board.
Though these were expected to be individual presentations, Brian Krzanich and Renee James teamed up behind the scenes and made a surprise joint presentation showing the "best" vision forward for Intel. And the Board was sufficiently impressed with their vision to make them CEO and President.
Though I was rooting for Stacy Smith who I believe is more personable (compared to the rather dry Krzanich), I think we have to trust the Board to have made the best decision.
Of course, I am curious to know if Stacy Smith was invited to present and how he fared. But then, I think we will never be privy to the whole story behind the scene.