Lip-Bu Takes Intel CEO Reins With A Focus On Winning Through Engineering

It took a few months, but Intel has found its next chief executive officer in Lip-Bu Tan, an industry veteran with decades of semiconductor and software experience, and founding managing partner of Walden Catalyst Ventures. He succeeds Pat Gelsinger, who abruptly retired from Intel last December amid reports he was forced out by the company's board, and takes on the task of accelerating Intel's turnaround efforts.

After Gelsinger's departure, David Zinsner and Michelle Johnston Holthaus service as interim co-CEOs until Intel could find a permanent replacement. Now that it's done that, Zinsner will retain his role as executive vice president and chief financial officer, while Holthaus will remain as CEO of Intel Products.

Tan has big shoes to fill in succeeding Gelsinger, who put into motion heavy investments into multiple foundry upgrades and expansions as part of a longer term IDM 2.0 strategy. Tan certainly ...