- Intels Michelle Johnston Holthaus leaves the business after 30+ years
- Further appointed roles including a new rent
- CEO LIP-BU TAN WANTS TO SPEED COMPANY LEADING
Senior Intel Exec Michelle Johnston Holthaus departs the company after more than three decades, including a short stint as a temporary co-ceo with David Zinsner after Ex-Ceo Pat Gelsinger’s departure.
Holthaus’ latest role as Chief Exec for products will come close after 10 months and the company will not restore for this role.
Recognizing Holthaus’ transformation effects noticed New CEO Lip-Bu Tan: “She has had a lasting influence on our company and inspired so many of us with her management.”
Intel is announcing large leadership shakeups
The company also announced the appointment of Kevork Kechichian to EVP & GM for the Data Center Group, which brought more than 30 years of chip industry experience from Arm, NXP Semiconductor, Qualcomm and more.
Jim Johnson becomes SVP & GM from Client Computing Group after about four decades at Intel, Srinivasan Iyengar becomes the leader of a new central engineering group, and Naga Chandraskaran steps up on EVP & CTO by Intel FoundRry to monitor development, manufacture and go-to-market.
The changes come in the midst of Intel’s ongoing efforts to flatten its hierarchical structure, resulting in several leaders reporting directly to tan. By streamlining operations, cutting jobs and rebuilding his engineering culture, Tan hopes Intel can move himself to succeed in the future.
The news comes a few weeks after Intel reached an agreement with President Trump, whereby the US government would invest $ 8.9 billion in Intel to help strengthen its position and strengthen domestic US production.
A step that has drawn its reasonable proportion of public control, including comments from Intel, although the potential consequences of having such political support.
Intel shares have increased by 21% this year to date, but the company’s market capital ($ 113.87 billion) is falling far behind NVIDIA ($ 4,097 trillion), now ranked as the world’s most valuable company.
