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INTEL CORPORATION

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Intel : Makes Changes to Strengthen Execution, Innovation in Critical Business Areas

06/23/2021 | 10:02am EDT

SANTA CLARA - Today, Intel CEO Pat Gelsinger announced the addition of two new technology leaders to its executive leadership team, as well as several changes to Intel business units.

Current Intel executives Sandra Rivera and Raja Koduri will each take on new senior leadership roles, and technology industry veterans Nick McKeown and Greg Lavender will join the company.

'Since re-joining Intel, I have been impressed with the depth of talent and incredible innovation throughout the company, but we must move faster to fulfill our ambitions,' said Gelsinger. 'By putting Sandra, Raja, Nick and Greg - with their decades of technology expertise - at the forefront of some of our most essential work, we will sharpen our focus and execution, accelerate innovation, and unleash the deep well of talent across the company.'

As part of these changes, Intel's Data Platform Group (DPG) will be restructured into two new business units.

Sandra Rivera will take on a new role as executive vice president and general manager of Datacenter and AI. Rivera will lead this organization's focus on developing leadership data center products for a cloud-based world, including Intel Xeon and field programmable gate array (FPGA) products. She will also drive the company's overall artificial intelligence (AI) strategy. Rivera has a deep history in data center technology and a track record of integrating Intel's silicon and software portfolios to drive customer value. Prior to her role serving as Intel's chief people officer, she led Intel's Network Platforms Group. (Sandra Rivera's biography)

Nick McKeown will join Intel full-time on July 6 as senior vice president and general manager of a new Network and Edge Group. This brings Intel's Network Platforms Group, Internet of Things Group and Connectivity Group into a single business unit chartered to drive technology and product leadership throughout the network to the intelligent edge. Renown in the networking technology industry and recipient of the 2021 IEEE Alexander Graham Bell Medal, McKeown was previously a part-time Intel Senior Fellow who joined the company with its 2019 acquisition of Barefoot Networks, which he co-founded. (Nick McKeown's biography)

Intel will also create two new business units, one focused on software and one on high performance computing (HPC) and graphics.

Greg Lavender has joined Intel as chief technology officer (CTO) and senior vice president and general manager of the new Software and Advanced Technology Group. This group will drive Intel's unified vision for software, ensuring it remains a powerful competitive differentiator for the company. As CTO, Lavender will also be responsible for driving Intel's technical innovation and research programs, including Intel Labs. He brings more than 35 years of experience in software and hardware product engineering and advanced research and development to Intel, most recently serving as senior vice president and CTO of VMware. He has also held key leadership roles at Citigroup, Cisco and Sun Microsystems. (Greg Lavender's biography)

Raja Koduri, a well-known innovator in GPU computing technology, will lead the Accelerated Computing Systems and Graphics Group, a newly formed business unit that will increase the company's focus in the key growth areas of high performance computing and graphics. AXG is chartered with delivering HPC and graphics solutions for integrated and discrete segments across client, enterprise and data center. Koduri previously served as Intel's general manager of Architecture, Graphics and Software. (Raja Koduri's biography)

Rivera, McKeown, Lavender and Koduri will report directly to Pat Gelsinger. Navin Shenoy, who has been serving as executive vice president and general manager of the Data Platforms Group, will assist with the transition and leave Intel on July 6. The company is grateful to Shenoy for his 26 years of service, including his contributions as leader of DPG, as well as his previous leadership of the Client Computing Group and Intel Asia Pacific.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better.

Contact:

Tel: (408) 765-8080

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 73 771 M - -
Net income 2021 17 024 M - -
Net Debt 2021 12 857 M - -
P/E ratio 2021 13,0x
Yield 2021 2,62%
Capitalization 214 B 214 B -
EV / Sales 2021 3,08x
EV / Sales 2022 3,09x
Nbr of Employees 110 600
Free-Float 99,9%
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Managers and Directors
Patrick P. Gelsinger Chief Executive Officer & Director
George S. Davis Chief Financial Officer & Executive Vice President
Omar S. Ishrak Independent Chairman
Daniel J. McKeon Vice President-Information Technology Group
Ann B. Kelleher Senior Vice President & GM-Technology Development
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