Another Key Intel Corp. Executive Plans Departure

Another Key Intel Corp. Executive Plans Departure

On Aug. 22, Intel (NASDAQ: INTC) revealed that executive Stacy J. Smith -- who served as the company's chief financial officer from 2006 to 2016 and most recently as the company's group president of manufacturing, operations, and sales -- will be retiring from the company by the end of January 2018.

Here's what Intel CEO Brian Krzanich had to say in a statement published on the company's website about Smith:

I want to thank Stacy for his leadership and his many outstanding contributions to Intel's success. Stacy is a key pillar of our MCM team and a mentor and friend to so many at the company. His career at Intel has spanned every geography and many organizations -- from head of EMEA sales and marketing, chief information officer, nine years as chief financial officer and, most recently, President of Manufacturing, Operations and Sales. Stacy helped guide Intel through the great recession as CFO and has been instrumental in helping to transform Intel from PC to data-centric. For me personally, Stacy has been an incredibly valued colleague, and I will miss him.

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Source: Fool.com