Apple Chip Boss In Running For Intel CEO
Following a six month search, recent reports claim Apple Senior VP of Hardware Technologies, Johny Srouji, is on the shortlist to become Intel’s new CEO – an appointment praised by most commentators.
According to Bloomberg, several other candidates are no longer in the running, including ex-Motorola CEO Sanjay Jha, plus former Intel executives Anand Chandrasekher (ex-Qualcomm President) and Renee James.
Some shortlisted candidates reportedly turned down the potential opportunity.
The news follows the departure of Intel CEO Brian Krzanich amid his relationship with a fellow employee.
Intel CFO Bob Swan is interim CEO, however, is reportedly not in the shortlist for the permanent role.
According to Axios, Srouji has overseen Apple’s push into the the development of its own silicon. He boasts significant experience with Intel, having worked at its Israel facility from 1990 to 2005.
Whilst it’s unclear whether Srouji will take the job, commentators claim the appointment will be a big win for Intel.
Srouji is considered Apple’s lead for in-house chip development, leading the iPhone manufacturer to withdraw more of its business away from Intel.
As previously reported, rumours continue to mount that Apple could ditch Intel chips for Macs by 2020.
Commentators question whether Srouji’s appointment as Intel CEO will foster a better relationship between the two companies.
According to Business Insider, Apple recently gave Srouji a large raise, with US$10 million in restricted stock (vested over four years) in 2015. Apple has since reportedly doubled up on that offer.
As a named officer, Apple was forced to disclose Srouji’s compensation in SEC filings. He is reportedly the second highest Apple executive, receiving more last year than CEO Tim Cook.