Intel Corporation
Intel Appoints New CEO for Intel Products Business with Increased Compensation
Summary
On February 28, 2025, Intel Corporation appointed Michelle Johnston Holthaus as Chief Executive Officer of its Intel Products business, effective December 1, 2024. This appointment came with increased compensation terms, including a higher annual base salary, increased cash bonus target opportunity, and a substantial long-term incentive equity award. The agreement also outlines her eligibility for severance benefits under specific conditions.
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About Intel Corporation
Intel Corporation is a multinational corporation and technology company known for its semiconductor products. As a leader in the global semiconductor industry, Intel primarily focuses on designing and manufacturing products like microprocessors, integrated graphics, and other computing components. These semiconductors are vital for the functioning of computers, laptops, and various consumer electronic devices. Intel's products play a crucial role in fields such as data centers, computing solutions, Internet of Things (IoT), and more. The company’s innovations in semiconductor design have significant implications for technology advancement, impacting industries ranging from personal computing to automotive technology. Founded in 1968 and headquartered in Santa Clara, California, Intel Corporation has been a pivotal player in pioneering advances in technology infrastructure worldwide, continuously pushing the boundaries of processing power and efficiency to support consumer electronics and enterprise technology needs.
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