Intel Appoints Interim Co-CEOs and Announces Compensation

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They will each receive a cash payment of $1,500,000 for their service, payable at the end of the first quarter of 2025. With Lip-Bu Tan set to become CEO on March 18, 2025, Johnston Holthaus will become CEO of Intel Products, and Zinsner will remain as Executive Vice President and CFO.

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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.