Ajay Malhotra was lured to Cadence by the firm's CEO, an Intel alumnus, sources say.
Intel's Ajay Malhotra is taking a marketing post at Cadence, sources familiar with the matter said. He is one of two people at Intel who holds the position of general manager of enterprise marketing and planning.
For all stories from
the event, click here.
Intel spokesman Scott McLaughlin confirmed Wednesday that Malhotra is leaving Intel but declined to comment on where he's going. McLaughlin also declined to say whether the company plans to hire a replacement. Malhotra shares his post with Richard Dracott, who remains at Intel.
Cadence, which sells software for designing chips and other electronic equipment, confirmed on Wednesday afternoon that the company had hired Malhotra.
Mike Fister, who once led server processor work at Intel, became Cadence's CEO in May.