The new Intel CEO, Lip-Bu Tan, will receive $ 69 million in compensation, the shares increase by 15%

Intel appoints Lip-Bu as executive director (photo credit httpsnewsroom.intel.com)

The chips manufacturer declared in a presentation on Friday that this important package includes a salary of $ 1 million, in addition to a 200% bonus based on performance. It also includes $ 66 million in long -term capital awards, options on shares and incentives for new hiring.

He currently has $ 25 million in Intel shares that he bought in the initial 30 days of assuming the job. “The purchase of LIP-BU reflects its belief in Intel and the commitment to create shareholders’ value,” Intel said in a statement.

The experienced professional of the semiconductor sector, who held a Board position in Intel in the past, is responsible for improving efforts to take the company to the leading position in an industry that ruled for many years. In the note of celebration of the appointment of as as the new CEO, he said: “I feel honored to join Intel as CEO. I have tremendous respect and admiration for this iconic company, and I see significant opportunities to rebuild our business so that they serve our customers better and believe value for our shareholders. “

On Wednesday, the company said it will assume the role on March 18 and will also join the Board. After the announcement of the appointment of as as the new CEO of Intel, the actions of the chips manufacturer increased by 15% on Thursday.