text: Intel Names Otellini as Next CEO Paul Otellini, a 30-year Intel Corp. veteran who oversaw the launch of the Pentium processor in the 1990s, will replace chief executive Craig Barrett when he steps down to become chairman in May, the semiconductor giant's board of directors announced Thursday. &lt;FONT face="verdana,MS Sans Serif,arial,helvetica" size="-2"\ color="#666666"&gt;&lt;B&gt;-AP&lt;/B&gt;&lt;/FONT&gt;