Intel Appoints Three Executives to Drive Engineering, AI Growth

Intel has appointed three senior executives to engineering and networking roles as part of CEO Lip-Bu Tan's comprehensive plan to overhaul the management team and reverse the fortunes of the struggling chipmaker. The plan includes reducing the company's large workforce, hiring new leadership, focusing on customer satisfaction, and ensuring the success of its foundry business.

Since taking over as CEO in March, Tan has begun streamlining Intel's leadership team, with many key chip departments now reporting directly to him. This includes the appointment of a seasoned sales veteran, Greg Ernst, as the Chief Revenue Officer. Ernst previously served as the head of U.S. sales and market operations for Intel.

To implement a more engineering-focused strategy, the company has appointed Srinivasan Iyengar, Jean-Didier Allegrucci, and Shailendra Desai to leadership roles in the engineering domain. "Greg, Srinivasan, Jean-Didier, and Shailendra are all accomplished leaders with a strong reputation in our ecosystem. Each of them will play a crucial role as we lay out the future of our business," Tan stated.

Iyengar, who joins from Cadence Design Systems, will lead a new customer engineering center. Allegrucci, a former executive at Rain AI, will oversee the engineering development of AI system-on-chip (SoC) solutions. Desai, who joins from Google, will lead the development of new AI chip architectures. Iyengar will report directly to Tan, while Allegrucci and Desai will report to Intel's Chief Technology and AI Officer, Sachin Katti.

Intel has also restructured its board of directors to focus more on the chip industry. Three board members will not seek re-election at the 2025 annual meeting.

This strategic move by Intel underscores the company's commitment to engineering excellence and innovation. By bringing in experienced leaders from the industry, Intel aims to enhance its engineering capabilities and drive future growth. The appointments are part of a broader effort to refocus the company on its core strengths and improve its competitive position in the market.

The restructuring of the board and the appointment of new executives reflect Intel's determination to adapt to the rapidly changing technology landscape. The company is positioning itself to better serve its customers and capitalize on emerging opportunities in the AI and foundry sectors. The new leadership team is expected to play a pivotal role in executing Intel's strategic vision and driving the company's transformation.