Christoph Schell, Intel’s EVP and chief business officer, is leaving the corporate after two years within the function, according to a filing with the SEC.
Schell notified Intel of his resolution to depart on Monday, and can resign on June 30 “with the intention to pursue one other profession alternative,” per the submitting.
It isn’t clear who will exchange Schell. Intel didn’t instantly reply to a request for remark.
Schell, who additionally led Intel’s gross sales, advertising and communications group, reporting on to the workplace of the CEO, joined the corporate in February 2022. He beforehand was the chief business officer at HP; EVP of progress markets for Philips; and a model administration lead at Procter & Gamble.
Schell’s departure comes as Intel undergoes a dramatic transformation beneath just lately appointed CEO Lip-Bu Tan. The brand new CEO has moved to spin divisions of the corporate into “noncore” models, bought its majority stake in its Altera semiconductor enterprise, and flattened the tech large’s govt construction. He additionally appointed a brand new AI chief and plans to significantly scale back the corporate’s workforce.
Earlier this month, Tan mandated 4 days within the workplace for all staff (the corporate had beforehand allowed some hybrid and distant work), and introduced that Intel wouldn’t spin off its Intel Capital company VC arm as beforehand deliberate.