Intel announced the appointment of Stuart Pann as senior vice president and general manager of Intel Foundry Services (IFS), reporting to Intel CEO Pat Gelsinger. He succeeds 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.
“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. 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.
