NEW YORK (CNNMoney) -- Intel CEO Paul Otellini will be named to President's Council on Jobs and Competitiveness, a White House official said Friday.
The President's Council on Jobs and Competitiveness replaces the Economic Recovery Advisory Board that was headed by former Federal Reserve Chairman Paul Volcker.
The administration says the new group will focus on finding ways to promote growth and encourage hiring, as well as find ways to attract the best jobs and businesses to the United States.
In September, Otellini criticized the Obama administration's handling of the economic recovery.
"The decisions so far have not resulted in either job growth or increased confidence. When what you're doing isn't working you rethink it and I think we need to rethink some plans," Otellini said.
But in December, Otellini participated in a meeting between Obama and 19 other prominent CEOs at the White House, and returned in January for a similar meeting that included Chinese President Hu Jintao.
Investors seem to be expecting more populist political victories these days. The market shrugged off the 'No' vote in Italy that brought down Prime Minister Matteo Renzi and stocks continue to enjoy their post-Trump glow. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
Credit card issuers are competing intensely for your business, and they're willing to pay for it. More