Intel's Maloney to Take Leave After Stroke
SANTA CLARA, Calif. (TheStreet) -- Intel's (INTC) Sean Maloney, executive vice president and general manager of the chipmaker's architecture group, will take a few months of medical leave after suffering a stroke.
Intel, in a press release Monday, said Maloney's prognosis for a full recovery is "excellent" and he is expected to resume all of his business responsibilities after he recuperates.
Dadi Perlmutter, who serves in the same capacity as Maloney, will assume Maloney's duties, Intel said.
Some analysts consider Maloney a successor to Intel CEO Paul Otellini.
Shares of Intel were slightly lower in premarket trading Tuesday. -- Reported by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.Select the service that is right for you!
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