{"id":825072,"date":"2025-03-12T16:54:21","date_gmt":"2025-03-12T20:54:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/"},"modified":"2025-03-12T16:54:21","modified_gmt":"2025-03-12T20:54:21","slug":"intel-appoints-lip-bu-tan-as-chief-executive-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/","title":{"rendered":"Intel Appoints Lip-Bu Tan as Chief Executive Officer"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Intel Appoints Lip-Bu Tan as Chief Executive Officer<\/b><\/p>\n<p class=\"bwalignc\"><b>Tan to join Intel board of directors<\/b><\/p>\n<p>SANTA CLARA, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIntel Corporation (Nasdaq: INTC) today announced that its board of directors has appointed Lip-Bu Tan, an accomplished technology leader with deep semiconductor industry experience, as chief executive officer, effective March 18. He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250312399008\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250312399008\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250312399008\/en\/2408344\/4\/Intel-Lip-Bu-Tan.jpg\" alt=\"Lip-Bu Tan was appointed chief executive officer of Intel Corporation in March 2025. He also serves on the company\u2019s board of directors.\" \/><\/p>\n<p style=\"font-size:85%\">Lip-Bu Tan was appointed chief executive officer of Intel Corporation in March 2025. He also serves on the company\u2019s board of directors.<\/p>\n<\/div>\n<p>\nZinsner will remain executive vice president and chief financial officer, and Johnston Holthaus will remain CEO of Intel Products. Frank D. Yeary, who took on the role of interim executive chair of the board during the search for a new CEO, will revert to being the independent chair of the board upon Tan becoming CEO.\n<\/p>\n<p>\n\u201cLip-Bu is an exceptional leader whose technology industry expertise, deep relationships across the product and foundry ecosystems, and proven track record of creating shareholder value is exactly what Intel needs in its next CEO,\u201d Yeary said. \u201cThroughout his long and distinguished career, he has earned a reputation as an innovator who puts customers at the heart of everything he does, delivers differentiated solutions to win in the market and builds high-performance cultures to achieve success.\n<\/p>\n<p>\n\u201cLike many across the industry, I have worked closely with Lip-Bu in the past and have seen firsthand how his relentless attention to customers drives innovation and success,\u201d Yeary continued. \u201cWe are delighted to have Lip-Bu as our CEO as we work to accelerate our turnaround and capitalize on the significant growth opportunities ahead.\u201d\n<\/p>\n<p>\nOn his appointment, Tan said, \u201cI am honored to join Intel as CEO. I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in ways that serve our customers better and create value for our shareholders.\n<\/p>\n<p>\n\u201cIntel has a powerful and differentiated computing platform, a vast customer installed base and a robust manufacturing footprint that is getting stronger by the day as we rebuild our process technology roadmap,\u201d Tan continued. \u201cI am eager to join the company and build upon the work the entire Intel team has been doing to position our business for the future.\u201d\n<\/p>\n<p>\nYeary added, \u201cOn behalf of the board, I would like to thank Dave and Michelle for their steadfast leadership as interim co-CEOs. Their discipline and focus have been a source of stability as we continue the work needed to deliver better execution, rebuild product leadership, advance our foundry strategy and begin to regain investor confidence.\u201d\n<\/p>\n<p>\nTan is a longtime technology investor and widely respected executive with more than 20 years of semiconductor and software experiences as well as deep relationships across Intel\u2019s ecosystem. He formerly served as CEO of Cadence Design Systems from 2009 to 2021, where he led a reinvention of the company and drove a cultural transformation centered on customer-centric innovation. During his time as CEO, Cadence more than doubled its revenue, expanded operating margins and delivered a stock price appreciation of more than 3,200%.\n<\/p>\n<p>\nTan served as a member of the Cadence board of directors for 19 years, from his appointment in 2004 through his service as executive chairman from 2021 to 2023 following his tenure as CEO.\n<\/p>\n<p>\nHe is also a founding managing partner of Walden Catalyst Ventures and chairman of Walden International. He has significant public company board experience, currently serving on the boards of Credo Technology Group and Schneider Electric.\n<\/p>\n<p>\nTan holds a Bachelor of Science in physics from Nanyang Technological University in Singapore, a Master of Science in nuclear engineering from the Massachusetts Institute of Technology and an MBA from the University of San Francisco. In 2022, he received the Robert N. Noyce Award, the Semiconductor Industry Association\u2019s highest honor.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release includes forward-looking statements, including with respect to our expectations and the potential implications of Mr. Tan joining Intel, the strength of Intel\u2019s computing footprint, installed customer base and manufacturing footprint, the progress in rebuilding Intel\u2019s process technology roadmap, and opportunities for the business and future shareholder value. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including the risks and uncertainties described in Intel\u2019s 2024 Form 10-K and other filings with the SEC. All information in this statement reflects management&#8217;s intentions and expectations as of the date of this statement, unless an earlier date is specified. We do not undertake, and expressly disclaim any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.\n<\/p>\n<p><b>About Intel<\/b><\/p>\n<p>\nIntel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore\u2019s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers\u2019 greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel\u2019s innovations, go to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewsroom.intel.com%2F&amp;esheet=54223440&amp;newsitemid=20250312399008&amp;lan=en-US&amp;anchor=newsroom.intel.com&amp;index=1&amp;md5=e86d77b7d646c32a72beeb18b0a0db3f\">newsroom.intel.com<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fintel.com%2F&amp;esheet=54223440&amp;newsitemid=20250312399008&amp;lan=en-US&amp;anchor=intel.com&amp;index=2&amp;md5=3d1cd9b956952adb900d373398b7ab5b\">intel.com<\/a>.\n<\/p>\n<p>\n\u00a9 Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250312399008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250312399008\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250312399008\/en\/<\/a><\/span><\/p>\n<p>\nJoseph Green<br \/>\n<br \/>Investor Relations<br \/>\n<br \/>1-480-552-2509<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:joseph.e.green@intel.com\">joseph.e.green@intel.com<\/a><\/p>\n<p>\nSophie Won Metzger<br \/>\n<br \/>Media Relations<br \/>\n<br \/>1-408-653-0475<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:sophie.metzger@intel.com\">sophie.metzger@intel.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Networks Internet Hardware Data Management Engineering Technology Semiconductor Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250312399008\/en\/2408344\/3\/Intel-Lip-Bu-Tan.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Lip-Bu Tan was appointed chief executive officer of Intel Corporation in March 2025. He also serves on the company\u2019s board of directors.<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250312399008\/en\/817781\/3\/intel_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Intel Appoints Lip-Bu Tan as Chief Executive Officer Tan to join Intel board of directors SANTA CLARA, Calif.&#8211;(BUSINESS WIRE)&#8211; Intel Corporation (Nasdaq: INTC) today announced that its board of directors has appointed Lip-Bu Tan, an accomplished technology leader with deep semiconductor industry experience, as chief executive officer, effective March 18. He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250312399008\/en\/ Lip-Bu Tan was appointed chief executive officer of Intel Corporation in March 2025. He also serves on the company\u2019s board of directors. Zinsner will remain executive vice president and chief &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Intel Appoints Lip-Bu Tan as Chief Executive Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825072","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Intel Appoints Lip-Bu Tan as Chief Executive Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel Appoints Lip-Bu Tan as Chief Executive Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Intel Appoints Lip-Bu Tan as Chief Executive Officer Tan to join Intel board of directors SANTA CLARA, Calif.&#8211;(BUSINESS WIRE)&#8211; Intel Corporation (Nasdaq: INTC) today announced that its board of directors has appointed Lip-Bu Tan, an accomplished technology leader with deep semiconductor industry experience, as chief executive officer, effective March 18. He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250312399008\/en\/ Lip-Bu Tan was appointed chief executive officer of Intel Corporation in March 2025. He also serves on the company\u2019s board of directors. 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He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250312399008\/en\/ Lip-Bu Tan was appointed chief executive officer of Intel Corporation in March 2025. He also serves on the company\u2019s board of directors. Zinsner will remain executive vice president and chief &hellip; Continue reading \"Intel Appoints Lip-Bu Tan as Chief Executive Officer\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-12T20:54:21+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20250312399008\/en\/2408344\/4\/Intel-Lip-Bu-Tan.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Intel Appoints Lip-Bu Tan as Chief Executive Officer","datePublished":"2025-03-12T20:54:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/"},"wordCount":1008,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20250312399008\/en\/2408344\/4\/Intel-Lip-Bu-Tan.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/intel-appoints-lip-bu-tan-as-chief-executive-officer\/","name":"Intel Appoints Lip-Bu Tan as Chief Executive Officer - 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