Intel president Renée James, the second-most powerful executive in the company, will step down in January to seek a chief executive role elsewhere, Intel CEO Brian Krzanich said in a statement.
“When Brian and I were appointed to our current roles, I knew then that being the leader of a company was something that I desired as part of my own leadership journey. Now is the right time for me to take that next step,” James said in a message addressed to Intel employees.
In May 2013 James was named Intel’s president alongside CEO Krzanich following the retirement of former CEO Paul Otellini.
According to the company’s website 51 year-old James has worked for Intel for 28 years. During her time at the company she worked in many executive positions such as executive vice president, general manager of software and services, and Chief Operationing Officer (COO) of online services.
Arvind Sodhani - longtime head of Intel’s venture capital division - will also retire after having spent 35 years in the company, Intel announced on Thursday. Wendell Brooks, president of mergers and acquisitions, will replace Sodhani in January. Intel said that executives Hermann Eul and Mike Bell are also leaving the company.