Intel president Renée James is stepping down

Renée James, Intel’s president and the company’s No. 2 executive, is stepping down, the company announced Thursday morning.

James has been president of Intel since May 2013, and she’ll stay on until January 2016. She is leaving the company to pursue an external CEO role.

“When Brian and I were appointed to our current roles, I knew then that being the leader of a company was something that I desired as part of my own leadership journey. Now is the right time for me to take that next step,” James said in a letter to Intel employees.

James is known for her audacious goal to hit “full representation” of women and minorities at Intel by 2020 and have its workforce mimic actual demographics, which would mean a male-female ratio closer to 50-50. Intel has always rated high as a place for women in tech, but James set out to it further, and Intel is investing $US300 million to reach its goal.

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