$3 billion/year in cost by 2008. Of the 10,500 jobs, 1,000 layoffs were at the management level. In 2006, Otellini was named Haas Business Leader of the Year. In 2007, Otellini announced plans to build a $3 billion semiconductor manufacturing plant in the port city of Dalian, China. On November 19, 2012, Otellini announced his intention to retire in May 2013. On May 2, 2013, Brian Krzanich was named the new CEO of Intel. Personal life Otellini was a member in the Professional Business Fraternity Delta Sigma Pi; he joined while attending the University of San Francisco. Otellini died in his sleep on October 2, 2017 at his home in Sonoma County, California. He was survived by his second wife, of 30 years, Sandy Otellini; his son, Patrick; and his daughter, Alexis. Otellini's brother, Rev. Msgr. Steven Otellini, is a Roman Catholic priest in the Archdiocese of San Francisco, currently serving as pastor of The Church of the Nativity in Menlo Park, California, United States. References External links Intel website biography Otellini talking about innovation. 1950 births 2017 deaths American technology chief executives American computer businesspeople American corporate directors American people of Italian descent Businesspeople from California Businesspeople in software Directors of Google Haas School of Business alumni Intel people University of San Francisco alumni American chief operating officers American chief executives of manufacturing companies 20th-century American businesspeople