- Intel announced Monday that two more key executives are leaving the company. The news comes after last week, another executive left the company after heading up its mobile chip unit, according to Fortune.
- Doug Davis, who oversaw the company’s $2 billion Internet of Things group, plans to retire at the end of the year. Meanwhile Kirk Skaugen, head of Intel’s client computing group, will depart to pursue his "next career opportunity," the company said.
- Davis plans to stay on until his replacement is named, while one of Skaugen's deputies, Navin Shenoy, will take over for him. Shenoy previously ran the company's notebook and tablet unit.
As hardware sales decline, PC manufacturers and chip makers have looked to break into other lines of business. In January, Intel announced it had purchased Ascending Technologies, a Germany-based startup that makes drones and the software used to fly them.
Intel's revenue is still mostly coming from its traditional computing offerings. Sales in Skaugen’s client computing group, which includes phone, tablet, and PC platforms, dropped 8% last year. However, the unit still account for almost 60% of Intel's total revenue last year.
With the changes in leadership, Intel may work to move its offerings in a new direction, further diversifying its sources of revenue as the PC market continue to decline.