Intel Corporation (NASDAQ: INTC) has reported the appointment of Stuart Pann as Senior Vice President and General Manager of Intel Foundry Services, the company’s commercial foundry business. Pann will report to CEO Pat Gelsinger and assist in continued growth for IFS and its systems fundry offering. “The industry is responding well to our systems foundry approach and we’re seeing strong momentum, including the recent announcement of a significant cloud, edge and data center solutions provider as a customer for our upcoming Intel 3 process,” said Gelsinger. “With deep expertise in capital and capacity strategies, supply chain management, and sales and operations planning across internal and external manufacturing, Stuart is an ideal leader to accelerate this momentum and drive long-term growth for IFS.”
“Intel Foundry Services is a critical pillar of our IDM 2.0 strategy, and it’s been exciting to watch it grow from an idea to an operating business with a world-class IP portfolio and significant customers in less than two years,” Pann said. “I am committed to championing the interests of our foundry customers and to helping them take advantage of Intel’s leading-edge process technology and full stack of open systems foundry offerings so they can succeed in a world that demands ever more computing.”
Pann is replcing Dr. Randhir Thakur, the general manager of Intel Foundry Services that stepped down from the role in November 2022 and depart Intel by the end of March.
