Intel Stock Dips as Veteran Executive Michelle Johnston Holthaus Departs
Intel shares edged lower Tuesday afternoon following news of Michelle Johnston Holthaus' departure after three decades at the chipmaker. The former products chief and interim co-CEO will transition to a strategic adviser role during Lip-Bu Tan's management restructuring.
Tan's reorganization includes appointing Kevork Kechichian as EVP of the data center group and expanding Naga Chandrasekaran's role overseeing Foundry Services. A new custom silicon division has been established as part of the leadership overhaul.