Intel’s Chief Strategy Officer to Exit as CEO Lip-Bu Tan Reshapes Leadership

Santa Clara, California – Intel’s Chief Strategy Officer, Safroadu Yeboah-Amankwah, will depart the company on June 30, signaling another major leadership shift under new CEO Lip-Bu Tan, according to sources close to the matter.

Yeboah-Amankwah, who held the role since 2020, helped steer Intel’s strategic investments, growth initiatives, and key partnerships during a critical phase for the chipmaker. Intel confirmed his exit in a statement, saying, “We are grateful for Saf’s contributions to Intel and wish him the best.”

New Leadership and Restructuring Underway

With Yeboah-Amankwah stepping down, some of his responsibilities will shift to Sachin Katti, recently named Chief Technology and AI Officer. Meanwhile, Intel Capital, the company’s venture arm, will now report directly to CEO Lip-Bu Tan.

Tan, who became CEO in March 2025, has been aggressively reshaping Intel’s leadership structure. He has:

• Flattened management layers

• Taken direct oversight of Intel’s data center, AI, and PC chip divisions

• Shut down Intel’s automotive chip unit

• Replaced key engineering heads

Tan is widely known in tech circles as a veteran venture capitalist, having founded Walden International in 1987. His arrival marks a shift toward leaner operations and sharper innovation focus at the struggling semiconductor giant.

Background and Financial Pressures

Intel’s sweeping changes come on the heels of its first annual net loss since 1986, totaling $18.8 billion in 2024. The company also initiated layoffs affecting engineers, software architects, and senior design teams, particularly in California.

Tan’s approach is a departure from former CEO Pat Gelsinger, whose ambitious turnaround plan failed to resolve core manufacturing issues and missed opportunities in mobile and AI chip markets.

With the leadership reshuffle and cost-cutting underway, Intel is aiming to regain footing in an industry where competitors have surged ahead in advanced chip technologies.