Intel announces key executive shake-up, says products chief Holthaus will exit

Executive Changes - Intel announced significant executive changes, including the departure of products chief Michelle Johnston Holthaus after over 30 years with the company [1] - Holthaus will remain as a strategic adviser for the coming months [1] - Kevork Kechichian has joined as executive vice president and general manager of the data center group, coming from Arm [2] Leadership Restructuring - CEO Lip-Bu Tan is working to flatten the leadership structure, with key chip groups reporting directly to him [2] - A new central engineering group will be established, led by Srinivasan Iyengar, to build a custom silicon business for external customers [3] - Naga Chandrasekaran will expand his role to include Foundry Services, while Jim Johnson has been appointed as general manager of Intel's client computing group [4] Market Context - The changes occur during a challenging period for Intel, with U.S. President Donald Trump announcing a potential 10% government stake in the company [4] - Trump has also called for CEO Tan to resign due to conflicts of interest [4]