BEIJING – If you were the big boss of a world renowned technology firm, where would you send your potential successor? For Paul Otellini, chief executive officer of the world’s biggest chip maker Intel Corp, the answer is China.
Intel announced on Tuesday that it has appointed Executive Vice-President Sean Maloney the chairman of Intel China. Many industry insiders believe he could eventually take the helm as CEO.
Maloney, who returned to work in January after recovering from a stroke 15 months ago, will be responsible for overseeing the company’s strategy for China, Intel said.
“This is a newly created position, which reflects Intel’s focus on the Chinese market,” said Susan Qian, spokeswoman for Intel China. “As far as I know, there is no other major technology firm that has such a position.”
Qian said Maloney’s first priority will be to focus on developing and overseeing implementation of a company-wide strategy for Intel’s long-term success in China.
He’ll also focus on accelerating its leadership development pipeline in China to groom future senior leaders, she said.
…
According to figures from Intel, the Asia-Pacific region provided $7.26 billion, 56 percent, of the company’s revenue in the first quarter, compared with 21 percent in the Americas. Intel doesn’t provide a breakdown for the Chinese market.
Categories: Economics