Intel appoints Stuart Pann as the new head of the Foundry Services Department

Randhir Thakur, the inaugural head of Intel Foundry Services (IFS), resigned in November of last year and is set to depart at the end of March. In the intervening months, the failure to finalize a successor has had some negative impact on departmental operations and business development.

After four months of vacancy, Intel has announced the appointment of Stuart Pann as the new head of Intel Foundry Services, Senior Vice President and General Manager, reporting directly to Intel CEO Pat Gelsinger. He will drive the continued growth of Intel Foundry Services and its differentiated system-on-a-chip products that surpass traditional wafer manufacturing, including packaging, chip standards, software, and production capacity in the United States and Europe.

Stuart Pann

In March 2021, Intel CEO Pat Gelsinger announced “IDM 2.0” as a new strategy, with the creation of a world-class Intel Foundry Services (IFS) being a key component. Stuart Pann, as Senior Vice President, Chief Business Transformation Officer, and General Manager of the Corporate Planning Group, established the “IDM 2.0 Acceleration” office to guide the implementation of the internal foundry model, fundamentally transforming the operational model to be more aligned with other top foundry companies and establishing closer partnerships with other operating organizations on behalf of Intel.

Stuart Pann began his career at Intel, serving as Vice President and General Manager of the Enterprise Management Group, responsible for pricing, revenue, and forecasting of the company’s microprocessors. He later left to serve as Chief Supply Chain Officer and Chief Information Officer at HP for six years before returning to Intel in 2021. He holds a Bachelor of Science in Electrical Engineering from the University of Michigan and an MBA from the University of Michigan.