July 13, 2011, 11:06 AM — Intel appointed new leaders to run the McAfee subsidiary as David DeWalt resigned as the unit's president, the company said on Wednesday.
The chip maker, which completed the $7.68 billion acquisition of McAfee in February, appointed co-presidents Michael DeCesare and Todd Gebhart to operate the subsidiary. DeWalt, who was president and CEO of McAfee prior to its acquisition, will continue as a member of the McAfee's board of directors, Intel said.
DeWalt is moving on and is pursuing other opportunities, said Joris Evers, a McAfee spokesman, in an e-mail.
"Dave has always said he wants to be a CEO again so he is pursuing a CEO role at a non-competitive company," Evers said.
DeWalt said McAfee is performing well.
"I'll be leaving McAfee in great hands," DeWalt said in a statement. "We had strong results, a record quarter and a great pipeline of innovation."
DeCesare is the executive vice president for global operations, and Gebhart is executive vice president and general manager for McAfee's consumer, mobile and small business operations. The new co-presidents will report to Renee James, senior vice president and group general manager at Intel, and also the chairman of the McAfee subsidiary.
Intel said it hopes to boost its hardware- and software-based security offerings with the McAfee acquisition. Intel wants to improve the security features on products such as the low-power Atom chips, with the aim to make devices such as tablets and smartphones more secure. The company is also aiming to bring specialized software and hardware features to secure the cloud. McAfee's portfolio includes cloud and mobile security offerings, while Intel offers on-chip security and remote management capabilities. Intel earlier this year also acquired security companies Nordic Edge and Sentrigo.