Intel appoints Lip-Bu Tan as CEO effective March 18, 2025

INTEL CORP

Tan, former Cadence CEO (2009–2021) and Intel board member (Sep 2022–Aug 2024), succeeds interim co-CEOs Zinsner and Holthaus.
Base salary of $1M, 200% target bonus; equity grants include TSR PSUs ($14.4M), options ($9.6M), plus new hire awards worth $25M+$17M.
Tan to purchase $25M in Intel shares within 30 days of start date; termination provisions detailed for cause and change-in-control.
Yeary ceases interim executive chair, returns to independent chair; receives RSUs worth $700K for his service.
Tan rejoins board of directors; Zinsner remains CFO, Holthaus remains CEO of Intel Products.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Lip-Bu Tan

director

INTC · INTEL CORP

Effective: 2025-03-18
Filed: March 14, 2025, 7:59 PM ET

appointed Lip-Bu Tan as Chief Executive Officer (“CEO”) and as a director of the Company, effective as of March 18, 2025

Appointed

Lip-Bu Tan

Chief Executive Officer

INTC · INTEL CORP

Effective: 2025-03-18
Filed: March 14, 2025, 7:59 PM ET

appointed Lip-Bu Tan as Chief Executive Officer (“CEO”) and as a director of the Company, effective as of March 18, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Lip-Bu Tan was appointed as director at INTEL CORP.

Action: appointed
Role: director

Exact text from the filing

appointed Lip-Bu Tan as Chief Executive Officer (“CEO”) and as a director of the Company, effective as of March 18, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Lip-Bu Tan was appointed as Chief Executive Officer at INTEL CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Lip-Bu Tan as Chief Executive Officer (“CEO”) and as a director of the Company, effective as of March 18, 2025

View on SEC.gov

INTEL CORP filing history →

Source: SEC EDGAR

accession 0000050863-25-000036

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