US EditionIntel announces key executive shake-up, says products chief Holthaus will exit
Intel's leadership changes include new roles for Srini Iyengar and Jim Johnson, aiming to streamline operations and support a turnaround amid ongoing restructuring efforts.
- Intel announced key executive changes on September 8, including products chief Michelle Johnston Holthaus departing after more than 30 years at the company.
- These changes follow CEO Lip-Bu Tan taking over in March and efforts to streamline leadership amid a 10% ownership stake recently acquired by the U.S. government.
- Intel announced new leadership appointments including Srinivasan Iyengar to direct a central engineering division, Kevork Kechichian to oversee the data center division, and Jim Johnson as the general manager responsible for client computing.
- Tan emphasized that with Srini heading Central Engineering, the company is bringing innovation and implementation closer together to better meet customer needs, highlighting leadership’s commitment to quicker product delivery.
- The executive reshuffle occurs amid Intel’s ongoing efforts to reduce headcount by 31% to 75,000 employees and address an $18.8 billion shortfall reported in 2024.
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Intel, Now Backed By Trump Administration, Announces Major Leadership Reshuffle: 30-Year Products Veteran To Step Down - Advanced Micro Devices (NASDAQ:AMD), ARM Holdings (NASDAQ:ARM)
Intel announced a sweeping leadership shake-up under CEO Lip-Bu Tan as the company faces deep losses, mass layoffs, and mounting competition, just weeks after the Trump administration secured a historic 10% U.S. government stake and SoftBank invested $2 billion.
Intel Announces Key Executive Shake-Up, Says Products Chief Holthaus Will Exit
Intel announces key executive shake-up, says products chief Holthaus will exit
Intel announced a series of top executive changes on Monday, including the departure of products chief Michelle Johnston Holthaus, at a time when CEO Lip-Bu Tan intensifies efforts to turn around the struggling U.S. chipmaker.
Michelle Johnston Holthaus Departs as Intel Rebuilds Under CEO Lip
Under new CEO Lip-Bu Tan, Intel accelerates executive turnover, restructures engineering, and doubles down on custom silicon and… The post Michelle Johnston Holthaus Departs as Intel Rebuilds Under CEO Lip-Bu Tan appeared first on IMP.NEWS.
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