Big Changes at Intel

NEW YORK (Reuters) – Intel Corp, the world’s largest chipmaker, said on Monday it was restructuring its business to consolidate all of its major product divisions into a new Intel Architecture Group, and appointed Sean Maloney and Dadi Perlmutter as its leaders.

The move comes after the announced departure of one of its executives, Pat Gelsinger, to EMC Corp.

Maloney will oversee business and operations while Perlmutter will lead product development and architecture, and all executives in Intel’s components businesses and related development and marketing teams will report to them, the company said.

Andy Bryant, the company’s chief administrative officer, will lead Intel’s Technology and Manufacturing Group, and Chief Executive Paul Otellini will now devote more of his time to corporate strategy, it said.