Intel appoints chip veterans to key roles in management overhaul

Intel (INTC.O) hired three chip industry executives in engineering and networking roles this week, as part of CEO Lip-Bu Tan’s plans to overhaul top management and turn around the embattled chipmaker.

Tan’s plans include trimming the company’s large workforce, hiring new leadership, focusing on customer satisfaction and ensuring the foundry business succeeds.

Tan started to flatten Intel’s leadership team since taking over as top boss in March with many important chip groups reporting directly into him...