(By Balaseshan) Intel Corp. (NASDAQ: INTC) said its board of directors have promoted five corporate officers and elected three new corporate vice presidents.
William Holt was promoted to executive vice president from senior vice president. He is general manager of the Technology and Manufacturing Group and jointly oversees all technology development and manufacturing activities.
The company elevated Thomas Kilroy to executive vice president from senior vice president. He is general manager of Intel's Sales and Marketing Group and is responsible for all of Intel's sales and marketing efforts worldwide.
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Sohail Ahmed was elevated to senior vice president from corporate vice president. He is director of Logic Technology Development in the Technology and Manufacturing Group. He is responsible for the development and deployment of next-generation silicon logic technologies that will produce future Intel microprocessors and systems-on-chips (SoCs).
Intel promoted Diane Bryant from corporate vice president to senior vice president. She is general manager of the Datacenter and Connected Systems Group. In this role, Bryant manages Intel's P&L, strategy and product development for enterprise and cloud server infrastructure, high-performance computing, storage, communications, networking and intelligent connected systems.
Kirk Skaugen was elevated from corporate vice president to senior vice president. He is general manager of the PC Client Group and is responsible for Intel's consumer and business computer business. In this role, he oversees Intel's efforts to once again transform the personal computer industry with the Ultrabook and new computing experiences.
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The company elected Jonathan Khazam as corporate vice president and is general manager of the Visual and Parallel Computing Group in the Intel Architecture Group. He leads a worldwide organization responsible for the development of Intel's integrated processor graphics and many-core Xeon Phi computing products.
Michael Mayberry was elected corporate vice president and is director of Components Research, which is the research arm for the Technology and Manufacturing Group. He is responsible for Intel's ongoing research to enable future process options for Intel's technology development organizations.
Kimberly Stevenson was elected corporate vice president and is chief information officer. She is responsible for the corporate-wide use of information technology to enable Intel's business strategies for growth and efficiency.
On January 23, the company said its board has declared a 22.5 cents-per-share quarterly dividend on the company's common stock. The dividend will be payable on March 1 to stockholders of record on Feb. 7.
On January 17, Intel reported a fall in quarterly earnings and revenue as macro-economic concerns continue to mute growth and recovery in the semiconductor sector. The world's largest chip maker earned 51 cents a share on a non-GAAP basis, down 24 percent from the year-ago quarter. Revenue declined 3 percent to $13.48 billion.
Looking ahead for the first quarter, Santa Clara, California-based Intel sees revenue of around $12.7 billion, versus analysts forecasts of $12.92 billion. It sees gross margin of around 58 percent for the first quarter. For the full year 2013, the company expects revenue growth in low single-digits on gross margin of around 60 percent.
INTC is trading up 0.60% at $21.08 on Monday. The stock has been trading between $19.23 and $29.27 for the past 52 weeks.