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Intel Names Lip-Bu Tan CEO with $69M Package
3/17/2025
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Tan Takes Intel Helm
- Lip-Bu Tan will take over as Intel's CEO on March 18, 2025, after Pat Gelsinger's departure in December 2024.
- His compensation package is valued at around $69 million, comprising a $1 million salary, $2 million in bonuses, and $66 million in stock options.
- Tan plans to invest $25 million in Intel shares within his first month to align with shareholder interests.
- His leadership is vital for Intel to compete with TSMC and Samsung, especially with a 20% stock increase this year.
- Tan previously served as CEO of Cadence Design Systems, where he significantly increased revenue and stock value.
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