Stacy Smith, formerly Intel's assistant CFO, will take over for Bryant, who will take on the new position of chief administrative officer Andy Bryant is stepping down as Intel’s CFO.The announcement was made by Paul Otellini, Intel’s president and CEO, during a third-quarter earnings conference call. Replacing Bryant is Stacy Smith, formerly Intel’s assistant CFO. Intel posted good results for the quarter, reporting a 43 percent jump in net income.Bryant is not leaving the company, however. He’s being promoted to the newly created role of chief administrative officer, where he will focus on a “broader set of tasks” including the supervision of Smith, Intel said in a statement. Intel characterized the change as “part of the company’s long-term succession planning process.” Bryant joined Intel in 1981 as controller for the Commercial Memory Systems Operation and became the CFO in 1994. He was promoted to chief financial and enterprise services officer in 1999.Smith managed the company’s financial functions over the past 18 months as it was restructuring. Smith has also served as Intel’s chief information officer and as the general manager of Intel’s Europe, Middle East, and Africa (EMEA) region. Careers