With the poaching of Micron’s Chief Financial Officer (CFO), David Zinser, Intel announced a few senior management changes. Gregory Bryant, the head of Intel’s Client Computing Group (CCG), will depart the firm for another opportunity. Michelle Johnston Holthaus, a promotion from inside, will take his place.
Michelle Johnston Holthaus is Intel’s new head of CCG, and while the markets may have been more interested in the CFO’s hiring, Holthaus’s management is likely to be more essential and visible to PC enthusiasts and DIYers. Holthaus, who has been with Intel for 25 years, will be promoted from her present position as EVP and general manager of the Sales, Marketing, and Communications Group, which she has held since 2017.
Holocaust promotion was based on her “five-year track record of success growing worldwide sales and revenue, along with her extensive understanding of the client computing sector and trusted relationships throughout the entire industry,” according to Intel CEO Gelsinger. Intel has “a wonderful potential to build on prior triumphs – and even accelerate our pace as we continue to empower our customers and partners to elevate PC experiences,” Holthaus said in a statement announcing her appointment as head of the CCG.
Holthaus has large shoes to fill in replacing Gregory Bryant, who made a major splash at CES 2022 last week. Bryant is departing Intel after 30 years of service for pastures new (we don’t know what/where that is yet). Holthaus, on the other hand, appears to possess all of the attributes necessary for a successful replacement.
David Zinser, Intel’s new CFO, joins the company from Micron, where he held the same post. Zinser has worked at Micron for over 20 years in financial and operational roles.
Intel shares soared 4% in late trading Friday, adding to a 3.3 percent gain during the normal trading period. Micron’s stock fell 2.1 percent within the same period. Zinser won’t start until January 17th, but he’ll have plenty of time to fill in for current Intel CFO George Davis, who is retiring in May.
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