Intel Corporation has appointed Michelle Johnston Holthaus as the new CEO of its Intel Products division, effective December 1, 2024. This key leadership move is coupled with an attractive compensation package, as detailed in a letter agreement signed on February 28, 2025.
Starting January 1, 2025, Holthaus will receive a base annual salary of $1,000,000. Her overall compensation also includes a performance-based cash bonus, which could reach up to 200% of her base salary, totaling $2,000,000. Furthermore, she will be granted an annual long-term incentive equity award with a target value of approximately $16,000,000. As part of her appointment, she will receive a one-time grant of restricted stock units valued at $5,000,000.
The agreement also includes provisions for severance benefits under Intel’s Executive Severance Plan, which she will be eligible for if she resigns with ‘good reason’ within two years after a new CEO takes office at Intel, provided she executes and does not revoke a release of claims in favor of the company.
This leadership transition is a crucial move for Intel as the company looks to bolster its executive team and enhance its competitiveness in the rapidly evolving semiconductor sector.
As Intel continues its drive for growth, the appointment of Michelle Johnston Holthaus highlights the company’s commitment to leadership and innovation in the tech space.
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