23
October
2013
|
05:06 PM
America/Los_Angeles

Senior Intel Exec Out As CEO Tightens Focus

Organizational changes by Intel's new CEO Brian Krzanich has led to the departure of Dadi "David" Perlmutter, head of Intel Arhitecture Group. He was the most senior of Intel's Israeli executives, representing the company's sizable operations in Israel, and a 34 year veteran.

One key question is if he will seek a position at Intel's rival Qualcomm where his knowledge of Intel's plans could become a major problem.

Intel said:


On October 18, 2013, David Perlmutter, Executive Vice President and General Manager, Intel Architecture Group, notified Intel Corporation ("Intel") of his intention to leave Intel effective February 20, 2014, the 34th anniversary of his start of employment at Intel, to pursue other opportunities in his life and professional career. Throughout his career at Intel, Mr. Perlmutter led many of the product, technology and business transformations at Intel.


Until his departure in February 2014, Mr. Perlmutter will provide transition assistance to Intel's Platform Engineering Group and on other matters as requested by management and will continue to participate in all applicable Intel compensation and benefit plans and arrangements. Mr. Perlmutter will receive post-employment benefits as described in the "Executive Compensation" section of Intel's proxy statement filed with the Securities and Exchange Commission on April 3, 2013, including acceleration of the vesting of certain equity awards pursuant to company policy for employees age 60 or over and relocation assistance under the terms of Mr. Perlmutter's relocation agreement.