Intel Corporation has announced these changes, appointing veteran chipmaking executive Lip-Bu Tan as its new Chief Executive Officer, effective in March 2024. This transition comes at important time for the tech behemoth. They are keenly aware that they need to increase their operational efficiency and enhance their product portfolio in a fast evolving industry paradigm.
Tan, who previously served as the CEO of Cadence Design Systems, will lead Intel as it navigates various challenges, including a recent announcement from the U.S. government. The government plans to convert existing grants into a 10% equity stake in Intel, a move that aims to secure further investment and support for the company’s growth initiatives.
Besides Tan’s appointment, Intel is growing its leadership bench. Greg Ernst will join as Chief Revenue Officer. At the same time as these changes, Jim Johnson has been appointed Senior Vice President & General Manager of the Client Computing Group. Intel has a strong intent to reinforce its sales and engineering go-to-market. That commitment seems apparent following the company’s hiring of four new staff for these roles this past July.
Chief Executive Officer Johnston Holthhaus, formerly Chief Executive Officer of Intel Products, will stay with the company in the role of strategic adviser. This makes it possible for Holthhaus to continue lending his deep industry expertise during this period of transition while not removing himself from overall company direction completely.
Naga is the Chief Technology and Operations Officer (CTOO) at Intel Foundry. He’ll be moving into a larger role shortly that involves more of these duties. Intel Foundry is focused on making handwritten chips for other companies’ devices. This type of strategic focus is key to Intel’s innovation, growth and long-term strategy.
“With Srini leading Central Engineering, we’re aligning innovation and execution more tightly in service to customers. We are laser-focused on delivering world-class products and empowering our engineering teams to move faster and execute with excellence. Kevork, Jim, and Srini are exceptional leaders whose deep technical acumen and industry relationships will be instrumental as we continue building a new Intel.” – Lip-Bu Tan
The company’s recent leadership appointments and hires signal a desire to improve its innovation pipeline and speed to market. Tan has been vocal about his faith in his new leadership team, citing their industry experience and technical acumen.
As Intel prepares for this new chapter under Tan’s leadership, it continues to adapt to market demands and technological advancements. Don’t miss the next one, San Francisco, coming up on October 27-29, 2025. Most importantly, it should serve to spark the most invigorating debate – over Intel’s changing strategies, policies and innovations.