Intel Corporation announced that its board of directors has appointed Lip-Bu Tan, an accomplished technology leader with deep semiconductor industry experience, as chief executive officer, effective March 18. 

• He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus.
• Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024.
• Zinsner will remain executive vice president and chief financial officer, and Johnston Holthaus will remain CEO of Intel Products. Frank D.
• Yeary, who took on the role of interim executive chair of the board during the search for a new CEO, will revert to being the independent chair of the board upon Tan becoming CEO.