SANTA CLARA – Intel Corporation has announced the appointment of Dean Jarnac as executive vice president and chief sales officer. Jarnac [pictured] will lead Intel’s global sales organization— strengthening Intel’s customer relationships and go-to-market execution across its product portfolio, including client, data center, AI, networking, and ASICs.
“Customer focus and execution are central to Intel’s strategy and future success,” said Lip-Bu Tan, Intel CEO. “Dean is a proven leader with deep industry relationships and a strong track record of building high-performance sales organizations. His customer-first mindset, operational discipline, and extensive semiconductor experience will help us deepen customer partnerships and accelerate growth across our business.”
Jarnac joins Intel from Marvell, where he served as chief sales officer and was responsible for the company’s worldwide sales, field application engineering, and sales operations organizations. Prior to Marvell, Jarnac held senior sales leadership positions at Broadcom and AMD, bringing more than 30 years of experience driving deep customer partnership and growth in the semiconductor industry.
“Intel’s technology, talent, and customer relationships position the company for an exciting future,” said Jarnac. “I’m honored to join Lip-Bu and the Intel team as we help customers unlock new opportunities with Intel’s innovation, while accelerating the company’s growth and transformation.”
Jarnac will report directly to CEO Lip-Bu Tan and will join Intel in September.
As part of this transition, Greg Ernst will be leaving Intel after 27 years with the company. Intel thanks Greg for his many contributions over nearly three decades of service.
Also this month, Intel sold 210,526,315 shares of common stock at a public offering price of $95 per share. The offering was upsized to $20 billion from the previously announced offering size of $15 billion.
The net proceeds from the offering will be approximately $19.7 billion (assuming the underwriters do not exercise their option to purchase additional shares), after deducting underwriting discounts and commissions and estimated offering expenses payable by Intel. The company intends to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, capital expenditures and working capital.
