Intel, the world's largest maker of semiconductors, has named a company veteran, Brian Krzanich, as its next chief executive.
Krzanich, 52, currently chief operating officer, will take over on May 16.
He will be Intel's sixth chief executive, succeeding Paul Otellini, who unexpectedly announced his resignation in November.
Of the four insiders who were considered likely candidates for the job, Krzanich is the longest-serving and has a strong background in the production of chips. He joined Intel in 1982, the year the first "luggable computer" weighing more than 15 pounds was introduced.
Nonetheless, he is likely to lead Intel through a period of significant transition. Personal computers, for which Intel supplies some of the most profitable parts, are losing popularity to mobile devices like tablets and smartphones. In a report last month, researchers at IDC said worldwide PC sales fell 13.9 percent in the first quarter from the period a year earlier.
The choice of Krzanich may indicate that Intel is looking more closely at turning over some of its production facilities to other semiconductor makers. Intel is known for having some of the most cutting-edge chip technology, but has been reluctant to share it with others.
Changing market tastes, however, give Intel extra capacity at times, and working with other chipmakers could add to its profits.
Intel also named Renee James, 48, as its president. She runs Intel's software division, which focuses on making Intel chips run better with other commercial software, like Oracle databases.
Intel faces competition from Qualcomm and Nvidia in chips for mobile devices. Microsoft, maker of Windows and once the other half of a relationship so close that pundits called the two companies Wintel, is working with other chipmakers for its video game consoles and tablets.