Intel Corporation announced the appointment of Stuart Pann as senior vice president and general manager of Intel Foundry Services (IFS).

Stuart Pann will report to Intel CEO Pat Gelsinger and drive growth for IFS and its differentiated systems foundry offering.

Stuart Pann replaces Randhir Thakur, the general manager of Intel Foundry Services, who stepped down from the role in November 2022 and will depart Intel at the end of March to start a new chapter outside the company.

Stuart Pann previously served as senior vice president, chief business transformation officer and general manager of Intel’s Corporate Planning Group. He established Intel’s IDM 2.0 Acceleration Office to guide the implementation of an internal foundry model, 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 for microprocessor and chipset operations.

Stuart Pann holds a bachelor’s degree in electrical engineering from Michigan Technological University and an MBA from the University of Michigan.