Intel Appoints Lip-Bu Tan as New CEO

Intel Corporation (Nasdaq: INTC) has announced the appointment of Lip-Bu Tan as its new Chief Executive Officer (CEO), effective March 18, 2025. Tan, a seasoned technology leader with extensive semiconductor industry experience, will succeed Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan will also rejoin Intel’s board of directors after stepping down in August 2024.

Zinsner will continue in his role as Executive Vice President and Chief Financial Officer, while Johnston Holthaus remains the CEO of Intel Products. Frank D. Yeary, who served as interim Executive Chair during the CEO search, will return to his role as Independent Chair of the Board once Tan officially takes over.

“Lip-Bu is an exceptional leader whose deep industry expertise and proven track record align perfectly with Intel’s vision for the future,” said Yeary. “He is a customer-centric innovator with a reputation for building high-performance cultures and creating shareholder value. We are confident that he will lead Intel in its next phase of growth.”

Tan, reflecting on his new role, stated, “I am honored to join Intel as CEO. This iconic company offers tremendous opportunities for transformation, and I look forward to building on Intel’s strengths to better serve our customers and generate value for shareholders. Intel’s powerful computing platform and robust manufacturing capabilities provide a solid foundation for future growth.”

Tan is a highly respected executive with over 20 years of experience in the semiconductor and software industries. Before joining Intel, he served as CEO of Cadence Design Systems from 2009 to 2021, where he led a cultural transformation that saw the company double its revenue and increase its stock price by more than 3,200%.

He is also a founding managing partner of Walden Catalyst Ventures and Chairman of Walden.

Intel’s leadership transition marks a pivotal moment as the company continues to accelerate its turnaround and seize new growth opportunities. Tan’s appointment signals Intel’s commitment to building a future-ready organization focused on innovation and customer success.