Intel Corporation has appointed Lip-Bu Tan as its new Chief Executive Officer (CEO), effective March 18, following a series of board changes that ousted his predecessor Pat Gelsinger.
Tan’s compensation package includes a base salary of $1 million and a 200% performance-based bonus. He will also receive long-term equity awards and stock options valued at approximately $66 million. Additionally, Tan has agreed to buy $25 million in Intel shares within the first 30 days of taking office, reflecting his commitment to creating shareholder value.
The veteran semiconductor industry expert, 65, brings extensive experience as a former Intel board member to the role. His task will be to restore the company’s leadership position in the industry, which it once dominated for decades.
Tan’s appointment has seen Intel’s stock surge, with gains of 20% this year and an additional 15% on Thursday following the announcement.
Source: https://fortune.com/2025/03/15/intel-new-ceo-lip-bu-tan-pay-package-stock-options-bonus-69-million