Intel Appoints Stuart Pann to Lead Intel Foundry Services
22 March 2023 - 4:30AM
Business Wire
Pann to accelerate development of Intel’s
open systems foundry offering.
Intel Corporation today announced the appointment of Stuart Pann
as senior vice president and general manager of Intel Foundry
Services (IFS), Intel’s commercial foundry business. Pann will
report to Intel CEO Pat Gelsinger and drive continued growth for
IFS and its differentiated systems foundry offering, which goes
beyond traditional wafer fabrication to include packaging, chiplet
standards and software, as well as U.S.- and Europe-based
capacity.
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Stuart Pann is senior vice president and
general manager of Intel Foundry Services (IFS), Intel’s commercial
foundry business. (Credit: Intel Corporation)
“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.”
Pann previously served as senior vice president, chief business
transformation officer and general manager of Intel’s Corporate
Planning Group. As part of this role, he established the company’s
IDM 2.0 Acceleration Office to guide the implementation of an
internal foundry model, fundamentally shifting the way the company
operates to be more consistent with other top foundries. In
addition to placing Intel business units on similar economic
footing as external IFS customers, the internal foundry model will
highlight and drive the elimination of legacy costs and provide
more transparency on the company’s financial execution. As general
manager of IFS, Pann will remain closely engaged with that work
while representing the interests of IFS and its customers in tight
partnership with Intel’s Technology Development and Manufacturing,
Supply Chain and Operations organizations.
“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 started his career at Intel and returned to the company in
2021, having previously served as chief supply chain officer and
chief information officer at HP for six years. Prior to that, Pann
served as corporate vice president and general manager of Intel’s
Business Management Group, responsible for pricing, revenue and
forecasting functions for the company’s microprocessor and chipset
operations. Pann holds a bachelor’s degree in electrical
engineering from Michigan Technological University and an MBA from
the University of Michigan.
Pann replaces Dr. Randhir Thakur, the inaugural general manager
of Intel Foundry Services, who stepped down from the role in
November 2022 and will depart Intel at the end of March to start a
new chapter outside the company.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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William Moss Media Relations 1-650-521-1754
william.moss@intel.com
Erin Tyrrell Investor Relations 1-916-377-9036
erin.tyrrell@intel.com
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