DOW JONES NEWSWIRES 
 

Intel Corp. (INTC) announced a restructuring of its chain-of-command, placing more responsibility on three senior officials under Chief Executive Paul Otellini.

The move, which include the departure of General Counsel Bruce Sewell, comes as the chip giant has been reporting increased demand and recently boosted its third-quarter expectations.

Intel is consolidating all of its major product divisions under a new group headed by Sean Maloney and Dadi Perlmutter. Maloney - who has been the company's sales and marketing chief - will oversee the business end while Perlmutter will lead product development.

Meanwhile, Chief Administrative Officer Andy Bryant will oversee Intel's manufacturing operations. The company said the move "formalizes the role of influence Bryant already plays" with the group "and further increases Otellini's time on business strategy."

Maloney will be succeeded by Tom Kilroy, who previously was co-manager of processors for enterprice-class applications, the unit previously known as the digital enterprise group. Pat Gelsinger, who was the other co-manager, will leave.

Sewell will be replaced on an interim basis by deputy general counsel Suzan Miller.

Intel shares were down 1% premarket at $19.32. The stock through Friday was up 33% this year.

-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com