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Intel names insider Krzanich as new CEO

Intel Corp's Brian Krzanich addresses a ceremony in Vietnam's Ho Chi Minh City on November 10, 2006. Intel said Krzanich would be its new chief executive officer, moving up in the ranks of the chipmaker to succeed Paul Otellini.Silicon Valley giant Intel Corp. named Brian Krzanich as its new chief executive officer Thursday to succeed Paul Otellini. Krzanich, who has been chief operating officer since January 2012, will assume the role at the company's annual stockholders' meeting May 16.