At the end of today’s game, Intel announces two major changes at the top of its organization. Most importantly, EVP and GM Intel’s Client Computing Group, Gregory Bryant, who led the company in their CES messages only last week, is embarking on new ventures. After 30 years at Intel, he will be replaced by 25-year veteran Michelle Johnston Holthaus, currently EVP and Intel’s chief revenue officer in charge of communications, sales and marketing. There is also a new CFO from Micron.
It’s a big surprise to see Gregory Bryant leave Intel. He has led the Consumer Platforms team for several years, since June 2017, covering the last few generations of CPU and mobile launches through Intel’s tough times bringing in 10nm revenue. He oversaw the launch of the Intel Evo initiative and comes from an engineering background, although he preferred to let other senior engineers talk about their strengths. Greg will leave Intel later this month for a new opportunity. It’s actually a rather strange announcement, given that he only led Intel’s presentations at CES last week – at a time when he knew for sure he was one foot out. This is reported by analysts his goals include becoming CEO somewhere, and that the opportunity he goes to is great. It also reduces the number of Bryants at higher Intel levels from three to one (Diane Bryant left in 2017).
Bryant’s replacement is Intel’s EVP and chief revenue officer Michelle Johnston Holthaus. She is another Intel life prisoner, who spent 25 years at the company, joined her in 1996. She has held multiple roles in reseller management, central marketing and headquarters operations, global account management, and currently serves as general manager of sales, marketing and communication group. Lately, Holthaus has been the keynote speaker at Intel’s Partner Summit. Bringing her to that role is likely a move to strengthen Intel’s ties with OEM partners, an aspect that is seeing increased competition in traditional OEM customer markets. It also means that Intel has two women who run the largest business units – Holthaus for Client Computing and Sandra Rivera for Datacenter.
During the transition, Intel will look for a new leader in Intel’s sales, marketing and communications group.
It was also announced today that Intel will get a new CFO. It has already been announced that current CFO George Davis will retire in 2022 and that a search for a replacement is under way. That replacement was found in the form of David Zinsner, who comes from his role as CFO at Micron. This position has been in force since January 17th, which is shortly before Intel’s financial results at the end of the year on January 26th. George Davis will remain at Intel in an advisory role until May to ensure a smooth transition. It is crucial to point out that Intel is looking for a new CFO it was thought with the aim of finding an individual who has the same aspirations in terms of CAPEX costs as CEO Pat Gelsinger.
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