Intel promotes Krzanich to COO 

Intel Corp., the world's largest chipmaker, said Friday it is elevated Brian Krzanich to chief operating officer.

Krzanich had been senior vice president of manufacturing operations. With the new job, he is taking over responsibility for internal information technology and human resources from Andy Bryant. It was announced earlier that Bryant is moving from vice chairman of the board to full-time executive chairman.

Bryant takes over from retiring Chairwoman Jane Shaw after the company's annual meeting in May.

Kirk Skaugen, head of Intel's data center business, will become the new head of the PC Client Group, which sells chips for PCs. He takes over from Mooly Eden, who has asked to move back to Israel, where he will be head of the local Intel unit.

Diane Bryant, Intel's chief information officer, will take over the unit that sells chips for servers in data centers. Kim Stevenson, vice president of IT global operations and services, takes over as chief information officer.

Both Skaugen and Bryant will report to Dadi Perlmutter, the head of the chip-designing Intel Architecture Group. Perlmutter is being promoted to chief product officer.

Two executives who had reported to Bryant will now report directly to CEO Paul Otellini. They are Stacy Smith, the chief financial officer, and Bill Holt, head of Technology Development.

Intel reported its fourth-quarter results Thursday. The company said demand from China continued to buoy its results. Intel's profit rose 6 percent and revenue increased 21 percent, with both results exceeding Wall Street estimates. Intel reported $54 billion in revenue in 2011 and said it believes sales will grow in the high single digits in 2012.

Analysts are forecasting $55.7 billion in revenue, according to FactSet. That implies growth of about 2.5 percent.

Shares of Intel rose 2.9 percent to $26.38 in Friday trading.

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