Lip-This Tan It will be the new CEO of Intel. The experienced executive, one of the main candidates after the abrupt departure of Pat Gels, will assume the position on March 18. With his appointment, he will relieve David Zinsner and Michelle (MJ) Johnston Holthaus, who have led the company interim since December.
“Lip-Bu is an exceptional leader whose experience in the technology industry, deep relationships in product and casting ecosystems, and a proven history of value creation for shareholders is exactly what Intel needs in his next CEO,” said Frank D. Yeary, who temporarily led the board of directors while looking for a new CEO.
A fervent Gelsinger critic will be new CEO of Intel
But the story of so with Intel does not start here. In the past, he was a fierce critic of the management of Gelsinger and the management that the company was taking. The former Cadence Design Systems courses joined the Intel Board of Directors In September 2022 with the objective of promoting the restructuring plan of the semiconductor firm.
However, the differences with Gelsinger and other members of the Board soon arise. According to Reuters, he considered that Intel had an oversized template and that the company was losing agility in an increasingly dynamic market. For him, the real problem was not only the size of the company, but its risk aversion, a factor that was leaving it behind the competition.
Tensions reached its highest point in October 2023, just when Intel announced the dismissal of more than 10,000 employees in an attempt to reduce costs and improve your efficiency. So, in disagreement with the management of the crisis and the strategic decisions of Gelsinger, he resigned from his position on the Board of Directors.
Now he returns to hold the highest position of the company. His appointment not only marks a leadership change, but also presumable turn in Intel’s strategy. So arrives with the mission of redefining the future of the company, making it more competitive and recovering the trust of investors.
Intel highlights in his statement that he is a degree in Physics from the Technological University of Nanyang (Singapore), has a master’s degree in nuclear engineering from the Massachusetts Technological Institute and an MBA from the University of San Francisco. In 2022, he received the Robert N. Noyce Award, the maximum recognition of the Semiconductor Industry Association.
Images | Intel
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