Intel Chief Product Officer Leaves Amid Leadership Reshuffle

Intel is undergoing a significant executive reshuffle under CEO Lip-Bu Tan, appointed in March, aimed at streamlining operations and enhancing innovation. Michelle Johnston Holthaus, Intel's chief products officer with over 30 years at the company and interim co-CEO, is departing but will remain as a strategic adviser temporarily. The company is establishing a new centralized engineering group led by Srinivasan Iyengar, tasked with developing custom silicon solutions for external clients, reflecting Intel's push to expand its offerings. Kevork Kechichian, formerly of ARM, has been appointed executive vice president and general manager of the data center group, while Jim Johnson will lead the client computing group, and Naga Chandrasekaran will expand his role overseeing Intel Foundry services. These leadership changes follow a recent U.S. government investment converting grants into a 10% equity stake in Intel with conditions to maintain majority ownership of its foundry unit, part of broader efforts to revitalize the struggling chipmaker. Tan's strategy also includes significant job cuts and a focus on making Intel an engineering-driven company to accelerate growth and competitiveness.