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Intel’s Chief Strategy Officer, Safroadu Yeboah-Amankwah, is stepping down on June 30, marking another major leadership change under new CEO Lip-Bu Tan. Yeboah-Amankwah, who joined the chipmaker in 2020, played a key role in driving Intel’s growth strategy, overseeing partnerships, and managing equity investments. Intel confirmed his departure and thanked him for his contributions.
With Yeboah-Amankwah’s exit, some of his responsibilities will transition to Sachin Katti, Intel’s recently appointed Chief Technology and AI Officer. Meanwhile, Intel Capital, the company’s venture investment division, will now report directly to CEO Tan, according to sources familiar with the matter.
Lip-Bu Tan, a renowned tech investor and founder of venture firm Walden International, took over as CEO in March. Since then, he has been streamlining Intel’s leadership structure, assuming direct control of its data center and AI chip divisions, as well as its personal computer chip group. Tan has brought in new engineering talent and is focused on reducing the company’s slow-moving middle management.
Tan’s changes come as Intel continues to navigate challenges in manufacturing and lost ground in mobile and AI chip sectors. Former CEO Pat Gelsinger’s turnaround plan failed to yield the desired results and may have worsened some of Intel’s issues, according to prior reports.
Intel, listed on NASDAQ under the ticker INTC, reported a staggering $18.8 billion net loss in 2024—its first annual loss since 1986—highlighting the urgency of Tan’s reforms. With strategic shifts underway and a tighter leadership structure, Intel is aiming to revive its competitiveness in the semiconductor industry.
