In a significant move, Intel announced the appointment of a new CEO on March 12, 2025, following the departure of Pat Gelsinger, who had been at the helm since 2021. Gelsinger, a veteran of over 30 years at Intel, had initially joined the company in 1979 and left in 2009, only to return as CEO over a decade later. His exit came after the board of directors lost confidence in his strategy to turn the company around, which had been facing significant challenges.
The new CEO, Lip-Bu Tan, is set to take the reins from interim co-CEOs David Zinsner and Michelle Johnston Holthaus on March 18, 2025. This development sent Intel’s stock price soaring by 12%, with Tan expressing his commitment to restoring the company to its former glory as a global leader in the tech industry. In his words, “I’m excited to join the company and build on the work that the Intel team has done to lay the foundation for our future business.” Tan’s appointment is seen as a stabilizing move, and many are expecting further improvements under his leadership.
As the news broke, analysts began to weigh in on the implications of this change, with many viewing it as a positive step towards revitalizing the company. According to reports, Tan’s vision for Intel’s future is centered around regaining its position as a premier technology innovator. With his expertise and leadership, Intel is poised for a significant turnaround, and investors are eager to see the company’s progression under his guidance.
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