Intel will promote Craig Barrett, the company's president and chief operating officer, to the post of chief executive on May 20. He will succeed Andrew Grove, who will continue as chairman. The move will give Grove more visibility in directing Intel's strategies, while Barrett will handle day-to-day operations.
"I would like to focus more of my time on broad strategic issues concerning the industry and Intel," Grove said.
Grove has been shifting his activities away from the operations side of the business and more toward industry-wide concerns.
"He doesn't have time to do both," said Nathan Brookwood, principal analyst at Dataquest.
Brookwood sees Grove becoming more involved in government issues such as international trade, visas for technical employees, education and training.
He also thinks Grove will become more visible as an Intel and industry spokesman.
"He's good at the limelight," Brookwood said.
Although Grove will continue giving Intel direction, he gives Barrett credit for Intel's manufacturing prowess, and says he is the principal driver behind the company's management methods and culture.
"Craig has been the architect of Intel's operations throughout the last decade," Grove said. "Craig is the guy who keeps the Intel machine running."
Barrett joined Intel in 1974, was named a vice president in 1984, was promoted to senior vice president in 1987, and became executive vice president in 1990. He was elected a director in 1992 and was named chief operating officer in 1993. He became president of Intel in 1997.