Intel has named tech veteran Lip-Bu Tan the corporate’s subsequent chief government officer, the corporate mentioned Wednesday. He’ll take over on March 18, Intel mentioned.
Tan will succeed Michelle Johnston Holthaus and David Zinsner, the 2 executives who had served as co-chief government officers within the wake of former CEO Pat Gelsinger’s departure. Each will stay with the corporate.
Although Tan has held numerous positions, he’s most identified for his function as chief government of Cadence Design Programs from 2009 till 2021, which designs the EDA software program used for designing chips. Tan gained the SIA’s Robert N. Noyce Award for his contributions to the semiconductor business. Tan was additionally thought-about to be one of many front-runners for the Intel job.
Tan was additionally a board member at Intel, however resigned final August to “reprioritize private commitments” he mentioned, in accordance with Bloomberg. Reuters reported, nevertheless, that he had had private variations over the way in which during which Intel was run, believing that Intel’s workforce was too bloated and complacent and that Intel had primarily missed the chance to compete in AI.
Earlier than Tan’s complaints surfaced, Gelsinger laid off hundreds of Intel staff in 2024 earlier than ultimately leaving the corporate.
Holthaus will stay with Intel as the pinnacle of Intel Merchandise, whereas Zinsner will stay as an government vp and chief monetary officer.
“I’m honored to hitch Intel as CEO,” Tan mentioned in a press release. “I’ve large respect and admiration for this iconic firm, and I see important alternatives to remake our enterprise in ways in which serve our prospects higher and create worth for our shareholders.”
Up to date at 2:07 PM PT with further particulars.
