Intel chairman to retire

Intel's chairman Craig Barrett will retire from his position come May this year, says Trusted Reviews.

Barrett has worked at Intel since 1974, taking a position as president in 1997, serving as the company's CEO from 1998 through to 2005 after which he took his current place as chairman of the board of directors at Intel. Over his 35 years at Intel Barrett saw the introduction of such Processors as the Celeron, Pentium III, Pentium 4 and Pentium M, to name but a few.

"Intel became the world's largest and most successful semiconductor company in 1992 and has maintained that position ever since. I'm extremely proud to have helped achieve that accomplishment and to have the honour of working with tens of thousands of Intel employees who every day put their talents to use to make Intel one of the premier technology companies in the world," says Barrett.

Symantec CEO John Thompson is reportedly the top choice of the Obama administration to head the department of commerce, states Search Security.

Thompson, who announced plans to step down at the helm of Symantec in early April, has been an ardent financial supporter of US president Barack Obama's election campaign. Obama had nominated New Mexico Governor Bill Richardson to fill the commerce post before he withdrew due to a pending corruption case.

Security experts were speculating about Thompson taking on a national role when Obama was successful in his presidential bid. Many thought he would be named CTO of federal government, but some are signalling the role could go to Cisco CTO Padmasree Warrior.

Chain Reaction eCommerce, a subsidiary of Total Technology Ventures (TTV), has named Gregory McGraw as its new president and CEO, according to PR Web.

"We are very excited to have Greg join the company and guide it through its next phase of growth as a leading PCI compliant shopping cart solution provider while still preserving its innovative roots and community support as an open source project." says TTV managing partner Gardiner Garrard III.

Before joining the open source e-commerce shopping cart software company, McGraw was a partner with TechCFO where he helped several technology start-ups in the Southeast obtain venture capital funding and provided M&A advisory services.