Intel Corporation announced the appointment of Lip-Bu Tan as its new Chief Executive Officer (CEO), effective March 18, replacing Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan’s appointment is seen as a significant move to accelerate Intel’s turnaround and capitalize on growth opportunities.
Tan, a seasoned technology leader with over 20 years of experience in the semiconductor industry, brings his expertise in creating shareholder value and driving customer-centric innovation. As CEO, he aims to build upon Intel’s strengths, including its powerful computing platform, vast customer installed base, and robust manufacturing footprint.
“I am honored to join Intel as CEO,” Tan said. “I have tremendous respect for this iconic company and see significant opportunities to remake our business in ways that serve our customers better and create value for shareholders.”
Tan previously served as CEO of Cadence Design Systems, where he led a successful reinvention of the company and drove cultural transformation. He also has extensive public company board experience, currently serving on the boards of Credo Technology Group and Schneider Electric.
Intel’s Board of Directors praised Tan’s exceptional leadership skills, citing his ability to drive innovation, build high-performance cultures, and create shareholder value. The appointment is seen as a positive step towards Intel’s future growth and success.
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Source: https://www.businesswire.com/news/home/20250312399008/en/Intel-Appoints-Lip-Bu-Tan-as-Chief-Executive-Officer