Kim Stevenson, formerly Intel’s CIO, was named the chief operating officer for Client and Internet of Things (IoT) Businesses and Systems Architecture Group (CISA) yesterday. She replaces Doug Davis, who previously headed up Intel’s IoT group and announced his retirement last April.
Stevenson will be responsible for the technology, engineering, product design, and business direction of the group. She will report to Dr. Venkata “Murthy” Renduchintala and will remain on Intel’s management committee. Intel hired Renduchintala away from Qualcomm last fall to create the CISA Group.
During her time as CIO, Stevenson and her team developed a sales analytics platform that produced $1 billion from incremental revenue and productivity gains and also designed, built, and managed two data centers in Santa Clara, California.
Stevenson is the subcommittee chair for external thought leadership and outreach for Intel’s Network of Executive Woman and speaks on the topic both internally and externally. She was also named the 2015 Women of Excellence Digital Trailblazer by the National Association for Female Executives (NAFE).
Before joining Intel, Stevenson worked at EDS and she also spent 18 years at IBM.
Stevenson will have a big challenge ahead of her. Intel executives are counting on IoT to help the company offset the declines in the PC business. As of the end of the second quarter, the company reported revenues of $13.5 billion. But that marked the third consecutive quarter of declining revenues as the PC market continues to shrink.
The company’s IoT group reported second-quarter revenues of $572 million, up slightly from $559 million in the same quarter a year ago.