Intel Appoints Lorenzo Flores As CFO Of Intel Foundry, Effective April 8, 2024
Portfolio Pulse from Benzinga Newsdesk
Intel has announced the appointment of Lorenzo Flores as CFO of Intel Foundry, starting April 8, 2024. Flores brings nearly 30 years of experience in the semiconductor and technology sectors, most recently serving as CFO of Xilinx. This appointment follows that of Mark Henninger as CFO of Intel Products, with both reporting to Zinsner.
April 02, 2024 | 8:07 pm
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Intel's appointment of Lorenzo Flores as CFO of Intel Foundry signals a strategic move to strengthen its financial leadership in the semiconductor sector.
The appointment of a seasoned financial executive with extensive experience in the semiconductor industry, like Flores, is likely to be viewed positively by investors. It suggests Intel is reinforcing its commitment to the foundry business and strategic growth, potentially leading to positive investor sentiment and a favorable impact on Intel's stock price in the short term.
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