Mar 13, 2025 | Posted by Abdul-Rahman Oladimeji
Beleaguered chipmaker Intel has appointed former director Lip-Bu Tan as its new CEO. Tan will take up his new role on March 18, and also rejoin the Intel board of directors.
Intel named CFO David Zinsner and Intel Products CEO Michelle Johnston Holthaus as interim co-CEOs following Gelsinger’s departure. Following Tan’s appointment, Zinsner will remain as EVP and CFO, and Johnston Holthaus will continue in her role as CEO of Intel Products.
“Lip-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,” said Frank D. Yeary, who took over the role of interim executive chair of the board during the search for a new CEO and will now revert to being the independent chair of the board.
“Throughout 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.”
Tan added: “I am honored to join Intel as CEO… Intel 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.”
