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Exclusive: Intel's CEO-shortlist candidates include former board member Lip-Bu Tan, sources say

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XYang2023

Well-known member
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FILE PHOTO: Illustration shows Intel logo
By Milana Vinn

(Reuters) - Intel has started shortlisting a handful of candidates, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaker ousted company veteran Pat Gelsinger, according to people familiar with the matter.

Tan, who was once seen as a contender for the CEO role, has in recent days been approached by Intel's board to gauge his interest in taking up the job, the sources said, requesting anonymity as the discussions are confidential.

The deliberations on CEO succession are at an early stage, the sources said, cautioning that Intel has not yet zeroed in on any candidate to replace Gelsinger who stepped down from his role on Monday after being given the choice to retire or be removed.

Intel's board is also evaluating other candidates, one of the sources said.

The move to replace Gelsinger - who took charge of Intel less than four years ago - came after the board decided that the pace of his costly plan to turn around Intel's fortunes was not quick enough.

The board has formed a search committee for Gelsinger's successor and is expected to make a final decision on his replacement in the coming weeks, the sources said.

Intel declined to comment. Representatives for Tan's venture capital firm, Walden Catalyst, did not respond to a request for comment.
Tan is an industry veteran and served on Intel's board of directors for roughly two years as part of a plan to restore the company's place as a leading chipmaker. He joined to board in September 2022 and received expanded responsibilities a year later to oversee manufacturing operations.

But Tan departed in August after clashing with Gelsinger on several aspects of Intel's turnaround plan, including the size of the company's workforce, its contract manufacturing strategy, and its work culture, Reuters has reported.

Tan has previously served as CEO of Cadence Design Systems, where he spent more than a decade and helped turn around the then-ailing design software maker's fortunes.

Gelsinger in 2021 inherited a company rife with challenges that he compounded. Setting lofty ambitions for manufacturing and AI capabilities among major clients, Intel ultimately lost or canceled contracts under Gelsinger's watch, and was unable to deliver the promised goods, Reuters reported in October.

 
The good part is that all candidates want to spin off foundry from Intel... because it is obviously the right thing to do.....

If only some CEO had been working on this in 2020 and proposed a plan then.... if only... LOL
 
Greg Bryant just resigned from ADI after making tens of millions to give aggressive speeches for two and a half years, bring him back he'd be a perfect fit.
 
My guess is they'll bring in someone to chainsaw the manufacturing down. It's sad but the cost of maintaining full manufacturing while outsourcing Arrow Lake 100% to TSMC (apart from packaging) is unsustainable.
 
Well, Ann Kelleher can certainly be the next Intel CEO. But she need to be in somewhat healthy shape. No offense to her or anyone who are overweight. But being CEO of Intel is a tough job. She need to be healthy.
 
MKWVentures said:
The good part is that all candidates want to spin off foundry from Intel... because it is obviously the right thing to do.....

If only some CEO had been working on this in 2020 and proposed a plan then.... if only... LOL
Click to expand...

From LinkedIn:



Bob Grim Sales & Marketing Executive | GM • 4 hours ago

Yesterday was an exciting day for us at Tenstorrent... I would rather have not shared the headlines with Pat Gelsinger's retirement news, but it is what is and we got plenty of coverage for our big funding announcement.

As most you know, I spent two years at Intel Corporation and was there when Pat took over as CEO. I have posted thoughts here about Intel, and now they face another challenge - who to steer the ship? There is a lot of speculation out there about this, but here are 6 people that I think are being considered for the role. Four of them are commonly mentioned online as potential replacements, but I don't think you can leave Gregory Bryant and Jack Huynh out of the conversation either.

- Lip-Bu Tan is clearly the internet favorite to replace Pat and he obviously has the pedigree for it and clearly journalists would like us to consider him the front runner. Does he want to do the job though?

- Raja Koduri is also listed as a potential replacement. Might he be interested? Who knows... he definitely knows a lot of the business there and there aren't many folks like him. I just think he has other projects in his heart. If I am right then it's too bad - his knowledge of product might really help Intel.

- Greg Lavender is an obvious choice and commonly mentioned online as a candidate. His knowledge of the company and how it works could be invaluable. I don't think it will be him though... otherwise he would have been part of the interim CEO group.

- Diane Bryant is the candidate that wouldn't surprise me if she got the job. I do not know Diane, but I hear nothing but good things and her track record of success is impeccable. She knows product and her years of experience at Intel will be a great help (as would her experience after leaving Intel). I think she has a real shot if she wants it.

- Gregory Bryant, or GB as most of us know him as, is a super interesting candidate. He knows what it takes to build a successful silicon business and if he can find a partner in crime to really drive better silicon products with him then he would be a compelling candidate to come back and take the helm. There aren't many people with his experience of driving a P&L of nearly $40B.

- Ok... admittedly Jack Huynh is a flier... but every good list needs one. If you don't know Jack, then you don't know that he has been behind most good business decisions at AMD for decades. While he can't take credit for driving the Zen architecture... he is responsible for driving and crafting deals and businesses at AMD that have saved the company on multiple occasions. Those of us in the know wonder if he is on Lisa Su's short list for her succession planning.

I know people wonder why I don't add Jim Keller to this list... its primarily because I believe he wants to stay at Tenstorrent.

Ok - the list is made - the gauntlet thrown. Talk amongst yourselves... who takes over for Pat?
 
Wasn’t Raja incompetent?
Daniel Nenni said:
From LinkedIn:


Bob Grim Sales & Marketing Executive | GM • 4 hours ago

Yesterday was an exciting day for us at Tenstorrent... I would rather have not shared the headlines with Pat Gelsinger's retirement news, but it is what is and we got plenty of coverage for our big funding announcement.

As most you know, I spent two years at Intel Corporation and was there when Pat took over as CEO. I have posted thoughts here about Intel, and now they face another challenge - who to steer the ship? There is a lot of speculation out there about this, but here are 6 people that I think are being considered for the role. Four of them are commonly mentioned online as potential replacements, but I don't think you can leave Gregory Bryant and Jack Huynh out of the conversation either.

- Lip-Bu Tan is clearly the internet favorite to replace Pat and he obviously has the pedigree for it and clearly journalists would like us to consider him the front runner. Does he want to do the job though?

- Raja Koduri is also listed as a potential replacement. Might he be interested? Who knows... he definitely knows a lot of the business there and there aren't many folks like him. I just think he has other projects in his heart. If I am right then it's too bad - his knowledge of product might really help Intel.

- Greg Lavender is an obvious choice and commonly mentioned online as a candidate. His knowledge of the company and how it works could be invaluable. I don't think it will be him though... otherwise he would have been part of the interim CEO group.

- Diane Bryant is the candidate that wouldn't surprise me if she got the job. I do not know Diane, but I hear nothing but good things and her track record of success is impeccable. She knows product and her years of experience at Intel will be a great help (as would her experience after leaving Intel). I think she has a real shot if she wants it.

- Gregory Bryant, or GB as most of us know him as, is a super interesting candidate. He knows what it takes to build a successful silicon business and if he can find a partner in crime to really drive better silicon products with him then he would be a compelling candidate to come back and take the helm. There aren't many people with his experience of driving a P&L of nearly $40B.

- Ok... admittedly Jack Huynh is a flier... but every good list needs one. If you don't know Jack, then you don't know that he has been behind most good business decisions at AMD for decades. While he can't take credit for driving the Zen architecture... he is responsible for driving and crafting deals and businesses at AMD that have saved the company on multiple occasions. Those of us in the know wonder if he is on Lisa Su's short list for her succession planning.

I know people wonder why I don't add Jim Keller to this list... its primarily because I believe he wants to stay at Tenstorrent.

Ok - the list is made - the gauntlet thrown. Talk amongst yourselves... who takes over for Pat?
Click to expand...
o
 
Daniel Nenni said:
Lip-Bu would be a part-time CEO at best since he has many side gigs. I do not see a good fit here.
Click to expand...
Since Intel has already promoted MJ to be the CEO of Intel Products, the company only needs someone to steer its overall strategy. I think Lip-Bu might be alright.

"At the time, Reuters reported that Lip-Bu Tan’s sudden departure from Intel's board was due to conflicts with Gelsinger over several aspects of Intel’s revitalization plan. He was dissatisfied with Intel’s overstaffing, contract manufacturing strategy, risk-averse culture, and lagging AI strategy."

If he could address the issues he mentioned, that is quite good already.
 
If Lip-Bu really does and have that interest in becoming CEO of Intel, he, along with CC Wei, Lisa, Jensen will be very interesting to watch. All four of them come from Taiwan. Interesting.
 
osnium said:
Wasn’t Raja incompetent?

o
Click to expand...
FWIW, ARC Alchemist wasn't exactly an inspiring launch, and he heralded Vega architecture as beating Nvidia's top chips at the time "Poor Volta". (Though both architectures did/are doing well in mobile, but were low margin as dGPUs).

Raja was in leadership though when AMD's driver situation improved measurably, and AMD finally achieved feature parity with Nvidia partially through his influence. (AMD GPU division also had a very strict budget).

(It's interesting how AMD's fortunes changed when their CPU and GPU divisions swapped places -- in 2016 CPUs were treading water, and GPUs were taking the market by storm..)
 
Some unconventional options may be to look at customers (current and future) for inspirational leaders.

Perhaps someone at Microsoft or Amazon who is extremely familiar with AI, or a similar future growth technology and "cash cow" market.

(Candidates of course would need to have all of the other requisite experiences - run large orgs, deliver results, and enough technical chops to not get snowballed by lower leadership. )
 
osnium said:
Wasn’t Raja incompetent?

o
Click to expand...
People who are very competent who were in their org at Intel have told me both Raja and Jim Keller were overrated and not successful. and it wasnt just the normal Intel culture shock. Very few people thought they were a loss for intel. Just an opinion
 
MKWVentures said:
People who are very competent who were in their org at Intel have told me both Raja and Jim Keller were overrated and not successful. and it wasnt just the normal Intel culture shock. Very few people thought they were a loss for intel. Just an opinion
Click to expand...
The first one I've heard anything like it. Keller, especially, has quite a following in the industry. I thought some of what he said about networking was silly though.
 
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