The title of Chief Strategy Office is an fascinating one for Intel. The C-level govt on this place clearly has the purpose of managing technique inside the firm, though because it pertains to development greater than anything. Intel has made it clear that it desires to develop and develop into markets the place it hasn’t historically been the dominant participant, the place there’s numerous addressable market such that Intel believes its merchandise may generate much more income. Despite having this dialogue at its 2019 Investor Meeting, showcasing areas comparable to 3D NAND, FPGA, Connectivity, Edge, IoT, Automotive and as a part of that development market alternative, Intel has not had a Chief Strategy Officer to information it at a excessive stage for over 18 months. Today Intel introduced a substitute, Safroadu (Saf) Yeboah-Amankwah.
Yeboah-Amankwah will formally take the place efficient November 1st, however has a robust monitor report of being very know-how centered. He holds bachelor’s and grasp’s levels in Electrical Engineering and Computer Science from MIT, and has been a Senior Partner and Managing Partner of the Technology, Media, & Telecommunications division of consultants McKinsey and Company, the place he has been for 26 years. Recent focal factors for Yeboah-Amankwah have included the growth of know-how into Africa, noting a $300 billion potential as Africa’s digital financial system expands, in addition to supporting know-how transformations of telecoms, monetary directions, agricultural operations, in addition to mergers and acquisitions. His profile at McKinsey lists his experience principally throughout Finance, Operations, M&A, with a give attention to know-how.
At Intel, his function at Intel as CSO would seem to incorporate driving growth-oriented methods in the important thing areas Intel has already highlighted, most of which align with Yeboah-Amankwah’s earlier expertise. Alongside this, Intel Capital can even fall beneath his area, the arm of Intel that acts as each an funding fund in addition to discovering corporations with acquisition potential. Intel Capital is a big enterprise unit of Intel we don’t usually discuss right here at Intel (I used to be reasonably trying ahead to attending the Intel Capital occasion for a second yr, earlier than the lockdown occurred), and can doubtless have elevated significance as Intel makes an attempt to maneuver into these markets with a concerted effort.
Saf Yeboah-Amankwah will report on to CEO Bob Swan, which signifies that Swan now has much more direct reportees than ever earlier than.
It can be value noting that Intel appears to be departing from the overall ‘Internal Promotion’ mannequin it has held to because the 80s. The variety of current exterior hires in key positions (a few of which listed under) has the potential to trigger some inner friction between workers which were shifting up the chain the previous 20 years or so as regards to the place Intel’s company development sits. Intel’s current need over the previous few years to usher in exterior hires to fill key positions is a narrative in of its personal proper.
We had been afforded quite a lot of interviews of Intel’s earlier CSO over the years. It can be fascinating if we’re given the identical alternative, to get an perception into Yeboah-Amankwah’s objectives for Intel in 2021 and past.
Source: Intel
