Intel Names Lip-Bu Tan as CEO with $66 Million Compensation Package

The industry veteran will take charge on March 18, tasked with steering the company through a challenging transformation.

Lip-Bu Tan, a seasoned technology leader, has been appointed as Intel's new CEO and will officially assume the role on March 18, 2025.
Tan's compensation includes a $1 million base salary, eligibility for a $2 million annual cash bonus, and $66 million in stock options and grants tied to performance over multiple years.
The equity awards include a $14.4 million long-term grant and a $17 million performance grant, which are contingent on Intel's stock performance over three years.
He has agreed to invest $25 million of his own funds in Intel shares to qualify for his compensation package and incentives.
Tan's appointment comes during a critical period for Intel as it seeks to recover from recent struggles and strengthen its position in chip manufacturing and design.