Intel CEO Paul Otellini to retire in May

UPDATED 10:20 AM EST, November 19, 2012

SANTA CLARA, Calif. (AP) — Intel's CEO, Paul Otellini, plans to retire in May after nearly 40 years with the company.

Intel Corp. said Monday that its board will look at company executives as well as external candidates to replace Otellini. He has been head of Intel for eight years.

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