Intel's current chief executive officer Paul Otellini announced in November that he had plans to retire this month. The company has been searching for a new CEO since then and, as of Thursday, it appears Intel has settled on its new leadership.

In a recent filing with the Securities and Exchange Commission Intel said it has elected Brian M. Krzanich as its new CEO and that Renee J. James will serve as the firm's president. Krzanich has been with the firm since 1982 and is currently Intel's executive vice president and chief operating officer. He has also served as a general manager of the company's manufacturing and supply chain departments.

James joined Intel in 1988 and currently serves as the company's software and services group executive vice president and general manager.