Intel broadcasts key government shake-up, says merchandise chief Holthaus will exit

(Reuters) – Intel introduced a sequence of high government modifications on Monday, together with the departure of merchandise chief Michelle Johnston Holthaus, at a time when CEO Lip-Bu Tan intensifies efforts to show across the struggling U.S. chipmaker.

Holthaus, who will depart after greater than three a long time with Intel, had held quite a few senior management roles, together with interim co-chief government officer following the ouster of former CEO Pat Gelsinger final yr. She is going to stay a strategic adviser over the approaching months.

Reuters reported earlier this yr that Tan seeks to flatten the corporate’s management staff, with most essential chip teams reporting on to him, whereas additionally slashing jobs to streamline operations.

Intel additionally stated on Monday Kevork Kechichian has joined as government vice chairman and normal supervisor of the information heart group.

A chip business veteran, Kechichian got here from Arm, the place he most just lately was the manager vice chairman of engineering. He has additionally labored at NXP Semiconductors and Qualcomm.

Amongst different modifications, Intel introduced establishing of a brand new central engineering group, which will likely be led by Srinivasan Iyengar, a senior vice chairman. Within the expanded function, Iyengar will construct a brand new customized silicon enterprise to serve a broad vary of exterior clients.

Naga Chandrasekaran, government vice chairman and chief know-how and operations officer of Intel Foundry, will increase his function to incorporate Foundry Providers, whereas Jim Johnson has been appointed as normal supervisor of Intel’s shopper computing group.

The bulletins come at an unsure time for Intel, with U.S. President Donald Trump saying final month that the federal government would take a ten% stake within the firm. Trump has additionally referred to as for Tan to resign over conflicts of curiosity.

(Reporting by Zaheer Kachwala in Bengaluru; Enhancing by Shilpi Majumdar)