Intel Has Booted Three of its Most Highly Paid Execs of 2020 Following Gelsinger’s Takeover as CEO

In the last six months, a lot has changed over at Intel especially in terms of management. Bob Swan who took over as the CEO following Krzanick’s sacking was replaced by Patrick Gelsinger (VMWare CEO), Murthy who was the Chief Engineering Officer was shown the door, and just today, Navin Shenoy, the VP/GM of Intel’s Data Platforms Group was also booted. The latter is slated to leave the company on the 6th of July after working at the company for 26 years as leader of DPG, and previously, the head of the Client Computing Group and Intel Asia Pacific.

Navin Shenoy, the (now incumbent) executive vice president, and general manager of Intel’s Data Platforms Group, was the company’s third most highly exec in 2020, with a base salary of $850K and $1.5 million in non-equity incentive pay. He got another $164.50K in other compensation, including retirement plan and deferred compensation plan contributions. In terms of equity compensation, Shenoy received $8.9 million in stock awards in 2020, putting his total pay for the year 2020 at $11.5 less than half as much of the $24.8 million he was paid in 2019.

Bob Swan and Venkata “Murthy” Renduchintala were the other two top-paid execs at Intel for the year 2020. While Swan was paid $22.4 million, just a third of the $66.9 million he got in 2019, Murthy was paid $12 million in 2020, once again a fair bit lower than what he was paid the year before ($66.9 million in 2019).

Raja Koduri benefited the most from the recent reshuffle. He will lead the Accelerated Computing Systems and Graphics Group, a newly formed business unit that will increase the company’s focus in the key growth areas of high-performance computing and graphics. AXG is chartered with delivering HPC and graphics solutions for integrated and discrete segments across client, enterprise and data center. Koduri previously served as Intel’s general manager of Architecture, Graphics, and Software.

Sandra Rivera will (partly) replace Shenoy as the executive vice president and general manager of Datacenter and AI. He will focus on developing data center products, including the Xeon Scalable processors and field-programmable gate array (FPGA) products. She will also head the company’s overall artificial intelligence (AI) strategy.

Nick McKeown will be the other person filling in Shenoy’s shoes, starting from the 6th of July 6 as senior vice president and general manager of a new Network and Edge Group. This is the other division formed from the breakdown of the DPG which was entirely led by Shenoy. The NEG combines Intel’s Network Platforms Group, Internet of Things Group, and Connectivity Group into a single business unit with an aim to drive technology and product leadership throughout the network to the intelligent edge.

Source: CRN

Areej Syed

Processors, PC gaming, and the past. I have written about computer hardware for over seven years with over 5000 published articles. I started during engineering college and haven't stopped since. On the side, I play RPGs like Baldur's Gate, Dragon Age, Mass Effect, Divinity, and Fallout. Contact: areejs12@hardwaretimes.com.
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