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Intel Is Losing At Least Two High-Level Execs: Concern Or Shakeup?

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Chip giant Intel Corporation INTC 0.44% announced the departure of two high-level executives, leaving the Wall Street speculating whether the change is either a "shake-up" or "turmoil."

In an email to employees, Intel announced the departure of Doug Davis, the head of the IoT (Internet of Things) group, and the resignation of Kirk Skaugen, the head of Client Computing Group (CCG).

"Doug first started with Intel in 1984 and has held numerous leadership roles over his 32-year career here. He is retiring at the end of 2016 in order to "devote more of his time to family, friends and other interests," an email said.

"Skaugen has decided to leave Intel for his next career opportunity."
The news comes days after a Bloomberg report that said Aicha Evans, head of Intel's mobile business, was leaving the company.

More than the departure of Davis, the Street expressed "surprise" at the resignation of Skaugen, whose last day...