Intel Corp. announced that the company’s former CEO Paul Otellini passed away in his sleep on Monday, Oct. 2, 2017, at the age of 66.
Otellini was born in San Francisco on Oct. 12, 1950. He received a bachelor’s degree in economics from the University of San Francisco in 1972 and an MBA from the University of California, Berkeley in 1974.
Otellini joined Intel in 1974 and served in a number of positions, including general manager of Intel’s Peripheral Components Operation and the Folsom Microcomputer Division and chief of staff to then-CEO Andy Grove in 1989.
Otellini also served as chief operating officer from 2002 to 2005. He was Intel’s fifth chief executive officer, assuming the position in 2005. Under his leadership the company made important strategic, technological and financial advancements, such as transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession.
Under him the company also created new customer engagements, such as winning the Apple PC business, as well as business partnerships and strategic acquisitions that expanded Intel’s presence in security, software and mobile communications.
During his eight-year tenure as CEO, Intel’s sales grew to $53 billion from $34 billion when he took charge.
He retired from the post in 2013, and since then, he has dedicated time to mentoring students and youth. He had also been involved with several philanthropic and charitable causes and organizations, including the San Francisco Symphony and San Francisco General Hospital Foundation.
“We are deeply saddened by Paul’s passing,” Intel CEO Brian Krzanich said. “He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first.”
“Paul’s business acumen, optimism and dedication fueled our growth throughout his tenure as CEO,” Intel Chairman Andy Bryant said. “His tireless drive, discipline and humility were cornerstones of his leadership and live on in our company values to this day.”