Intel is searching for a new CEO, considering former board member Lip-Bu Tan

From Investing.com: 2024-12-03 09:26:18

Intel has begun the search for a new CEO after ousting Pat Gelsinger, with former board member Lip-Bu Tan being considered for the role. The board is evaluating other candidates as well, as they felt Gelsinger’s turnaround plan progress was too slow. A decision on his replacement is expected soon.

Tan, a former CEO of Cadence Design Systems, served on Intel’s board for two years before departing in August due to disagreements with Gelsinger. Gelsinger, who took over Intel in 2021, struggled to meet ambitious goals for manufacturing and AI capabilities, leading to lost contracts and unmet promises.



Read more at Investing.com: Exclusive-Intel’s CEO-shortlist candidates include former board member Lip-Bu Tan, sources say By Reuters