Chip maker Intel Corporation has announced that Andy Bryant, the ex. chief financial officer (CFO) is going to be the new chairman of the company from May, 2012 onwards.
In a move to make the transition smooth and according to company norms, the company board of directors elected Mr. Bryant as the new vice chairman of the board - which also happens to be a new position for the company.
Mr. Bryant will be serving as the vice president of Intel Corporation alongside the acting chairman Jane Shaw until her retirement from the board next year May, the company announced on Tuesday.
Mr. Bryant joined Intel almost 20 years back in 1981 and a few years later, was made the chief financial officer. After serving 13 long years in the company as its CFO, he was first made the executive vice president responsible for the Technology and Manufacturing Group, and then the chief administrative officer.
Before joining Intel, Bryant had served automobile giants Ford Motor and Chrysler in key finance-positions.
“Bryant brings a wealth of experience at Intel that includes 13 years of service as CFO, and more recently, as the senior executive responsible for the Technology and Manufacturing Group, Information Technology, Human Resources and Finance”, Intel said in a press release.