JAN 20 - Intel Corp announced a string of top-level management changes on Friday, including the elevation of 20-year company veteran Brian Krzanich to Chief Operating Officer.
Krzanich, 51, had previously overseen worldwide manufacturing for the world's top chipmaker. The company is also promoting or redeploying several other executives across its chip architecture, manufacturing, and data-center businesses.
All management changes will take effect over the next 30 days, Intel said in a statement.
The reshuffle comes the day after the company reported fourth-quarter results that beat Wall Street's moderate expectations. On Thursday, Intel also said it would sharply increase capital spending in 2012, quickening efforts to catch up in the tablet and smartphone markets.
(Reporting by Edwin Chan; Editing by Lisa Von Ahn)