Intel names current COO Brian Krzanich as new CEO, starts May 16th

We've known when current Intel CEO Paul Otellini would be stepping down for some time now, and we now finally know who will be replacing him. The chipmaker announced today that Brian Krzanich, an Intel veteran of nearly 30 years, will assume the top job at the company's annual stockholders' meeting on May 16th. That tenure has included a range of technical and executive jobs over the years, most recently being Chief Operating Officer, a position he was just appointed to in January of 2012. Renée James has also been elected president by Intel's board of directors, and will take on her new role on May 16th as well. You can find the company's official announcement after the break.