Subj : Intel reveals its new CEO
To   : All
From : TechnologyDaily
Date : Thu Mar 13 2025 11:00:08

Intel reveals its new CEO

Date:
Thu, 13 Mar 2025 10:48:00 +0000

Description:
Intel has gained a new CEO three months after Pat Gelsinger announced hed be 
leaving  Lip-Bu Tan to take post.

FULL STORY
======================================================================Intels 
new CEO, Lip-Bu Tan, will step into office on March 18 The company must make 
calculated risks to catch up Interim CEOs will revert to their original 
positions 

Three months after Intel CEO Pat Gelsinger announced that hed be stepping 
down after a near-four-year stint, the chipmaker has confirmed its new 
leader. 

In an email to workers, Lip-Bu Tan revealed himself to be the companys new 
leader, detailing his aim to restore the companys world-class status by 
focusing on both product development and foundry services. 

Tan will take post on March 18, 2025, but hes already previously served on 
Intels board  something he gave up due to strategic disagreements, says 
Reuters . Lip-Bu Tan will serve as Intels new CEO 

Tan promises an engineering-focused Intel and remains committed to 
innovation. Intels innovation has been at the heart of so many world-changing 
breakthroughs along the way, he said. 

He continued: I believe we have a truly unique opportunity to remake our 
company at one of the most pivotal moments in its history. Thats not to say 
it will be easy. It wont be. But I am joining because I believe with every 
fiber of my being that we have what it takes to win. 

At $89.2 billion, Intels market cap lags far behind key rivals like AMD 
($163.6 billion) and Nvidia ($2.83 trillion). Lip-Bu said the company must 
take calculated risks to disrupt and leapfrog in areas of the business that 
are behind the competition. 

Analysts are clearly happy with the new leadership, with shares shooting up 
12% following the announcement to $23.21. 

Tans background includes a 12-year stint as Cadence Design Systems CEO 
between 2009 and 2021, where he delivered a stock price increase of more than 
3,200%. 

With the appointment of a new CEO, interim CEOs Michelle Johnston Holthaus 
and Dave Zinsner will step back into CEO of Intel Products and company CFO 
respectively. You might also like Fancy a change? Here are the best job sites 
and best recruitment platforms Intel appoints two chip industry veterans to 
board, hunt for CEO continues Support your upskilling efforts with the best 
online learning platforms



======================================================================
Link to news story:
https://www.techradar.com/pro/intel-reveals-its-new-ceo


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