Intel appoints new chief executive

INTEL has named president Paul Otellini as its next chief executive officer, choosing a salesman instead of an engineer to run the computer-chip maker for the first time.

Mr Otellini, a 30-year Intel veteran, who made his name overseeing the introduction of the Pentium processor in 1993, will replace Craig Barrett in May.

Barrett, having shepherded Intel’s expansion through the late 1990s, steps aside as Intel struggles with sliding demand that has left the company burdened with a record stockpile of chips.