Intel picks insider as boss, dashing hopes for shakeup

Intel chose veteran insider Brian Krzanich as chief executive, disappointing some investors who hoped an outsider would push for aggressive changes to help the world’s largest chipmaker catch up in the mobile revolution.

The company also announced that software honcho Renie James, 48, had been elevated to the post of president. Her appointment signaled to some that Intel, while likely intending to stick with its formula of intense investment to keep it ahead in the microchip technology game, is willing to explore new growth areas.

via Business feed http://www.scmp.com/business/companies/article/1229009/intel-picks-insider-boss-dashing-hopes-shakeup