April 3 (Bloomberg) -- Intel Corp.’s Brian Krzanich, a 32-year veteran of the chipmaker who was elevated to chief executive officer last May, saw his compensation last year drop 40 percent from 2012, when he received a large stock award.
Krzanich was paid a total of $9.6 million last year, including $887,500 in salary, $6.58 million in stock and option awards and $1.87 million in non-equity incentive compensation, the company said today in a filing. In 2012, when he was chief operating officer, he was given a total of $15.9 million, including $13.2 million in stock and options.
Krzanich, 53, is trying to jump start Intel’s progress in areas outside of personal computers, where the Santa Clara, California-based company’s processors are in eight out of 10 devices sold. He’s focusing on tablets, smartphones and wearables, which are denting demand for PCs.
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