Since Lip-Bu Tan assumed the position of CEO in March, leading semiconductor company Intel has continued to make significant changes to its executive team.
On Monday, Intel revealed that Michelle Johnston Holthaus, who has spent over thirty years at the company, will be leaving. Holthaus, who most recently served as the CEO of Intel products, will continue to provide guidance as a strategic advisor.
Intel has also formed a new central engineering division tasked with developing a custom silicon business for external clients, the company stated. Srinivasan “Srini” Iyengar, who joined Intel from Cadence Design Systems in July, will lead this newly established group.
Additionally, Intel announced that Kevok Kechichian, previously with ARM, will step in as the head of its data center division. Jim Johnson has been named senior vice president and general manager for Intel’s client computing division. Naga Chandrasekaran, who serves as chief technology and operations officer for Intel Foundry—the unit dedicated to creating custom chips for other companies—will also take on broader responsibilities.
“By appointing Srini to lead Central Engineering, we’re strengthening the link between innovation and execution, all focused on our customers,” Tan said in a statement released by the company. “Our priority is to deliver top-tier products and enable our engineering teams to act quickly and achieve outstanding results. Kevork, Jim, and Srini bring exceptional expertise and industry connections, which will be critical as we work to reshape Intel’s future.”
This announcement follows news from just a few weeks ago that the U.S. government intends to turn existing federal grants into a 10% equity stake in Intel. The agreement includes a clause to penalize the company if its ownership of the foundry business drops below 50%.
Intel has made several other high-level leadership changes throughout this year.
Tan’s appointment as CEO in March stands out as a major transition. In July, Intel shared that it had added four new executives in sales and engineering, with Greg Ernst joining as chief revenue officer.
Intel chose not to provide a statement.
