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Intel CSO to Leave the Company in Another Management Overhaul

TheLostSwede

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Safroadu Yeboah-Amankwah, Intel's Chief Strategy Officer will be leaving the company as of today, in another management overhaul. The news broke on Friday via Reuters and it's currently unclear if it was mutually agreed upon or if Saf—as he was known as in the company—was forced out. The Reuters piece mentions that he has "overseen growth initiatives, strategic partnerships and equity investments for Intel" as part of his role at the company. He was originally hired as Senior VP and Chief Strategy Officer and much of his work at Intel seems to have been related to Intel Capital, Intel's investment arm, which was spun off earlier this year.

Yeboah-Amankwah has held his position as CSO at Intel since September 2020 and he might just be one of the approximate 21,000 head cuts that company is planning this year. Reuters further reports that Sachin Katti, Intel's Chief Technology & AI Officer will be taking on some of his responsibilities. Time will tell if Lip-Bu Tan's new strategy of trying to build a leaner Intel will work in the long term, as although he's pledged to get rid of middle management, this appears to be something else, at least to an outside observer. The company hasn't issued an official statement, but Reuters got a statement confirming the departure that said "We are grateful for Saf's contributions to Intel and wish him the best."



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I can't imagine the shareholders are happy about this...
 
Intel lately....

freddie mercury GIF
 
Well, Intel's "strategy" has been in decline during his time with the company, but even if it's not his fault, it's not at all uncommon for a new CEO to build a new executive team. There's a reason it's called a "golden parachute" and not a "golden wheelchair." Execs are often pushed out, but they know that's often how it goes.
 
Lip is giving hock tan energy and its unsettling to put it lightly

Intel shouldve been investing in R&D instead of giving them dividends.
And finishing the damn Columbus, Ohio fab
 
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