Intel Chief Strategy Officer Departs Amid Leadership Restructuring

Intel is undergoing significant leadership changes as Chief Strategy Officer Safroadu Yeboah-Amankwah prepares to leave the company by the end of June, marking a key transition under new CEO Lip-Bu Tan, who took over in March. Yeboah-Amankwah's responsibilities, including overseeing growth initiatives, strategic partnerships, and equity investments, are being partially transferred to Sachin Katti, recently promoted to Chief Technology and AI Officer, while Intel Capital will now report directly to CEO Tan. Tan has been restructuring Intel's leadership by streamlining management, taking direct control of critical divisions like data center, AI chips, and personal computer chips, and addressing perceived bureaucratic inefficiencies. These leadership changes come amid ongoing challenges for Intel, including manufacturing difficulties and lost opportunities in mobile and AI chip markets, issues that were exacerbated under former CEO Pat Gelsinger's ambitious revival plan. Intel reported a substantial net loss of $18.8 billion for 2024, its first annual loss since 1986, underscoring the urgency of Tan’s strategic reforms. Market analysts currently hold a cautious outlook on Intel's stock, with an average brokerage recommendation of 'Hold' and mixed price target projections reflecting both potential downside and modest upside.