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    David Zinsner

    Interim Co-CEO and CFO at Intel Corp
    Since December 1, 2024
    Age
    56 years
    Education
    Holds a Master's degree in Business Administration with a focus on Finance and Accounting from Vanderbilt University and a Bachelor's degree in Industrial Management from Carnegie Mellon University.
    Tenure
    Joined INTC on 01-17-2022 as Executive Vice President and Chief Financial Officer and assumed the role of Interim Co-Chief Executive Officer on 12-01-2024.

    Also at Intel Corp

    About

    David Zinsner is a seasoned finance executive with 56 years of life experience and over 25 years in financial and operational leadership in the semiconductor and technology industries.

    He joined INTC on 01-17-2022 as the Executive Vice President and Chief Financial Officer, bringing with him a wealth of expertise from previous roles at organizations like Micron Technology, Affirmed Networks, Analog Devices, and Intersil Corporation.

    In December 2024, his leadership was further recognized when he was appointed as the Interim Co-Chief Executive Officer, a move that reflects his strategic vision and commitment to enhancing operational efficiency.

    Throughout his career, he has played a pivotal role in steering financial strategies and executing cost reduction plans, demonstrating a deep commitment to driving shareholder value and excellence at INTC.

    Past Roles

    OrganizationRoleDate RangeDetails
    Intel Corporation Executive Vice President and Chief Financial Officer January 2022 – December 2024 Oversaw Intel's global finance organization including finance, accounting, reporting, tax, treasury, internal audit, and investor relations
    Micron Technology, Inc. Executive Vice President and Chief Financial Officer February 2018 – October 2021 Led the global finance organization and investor relations; served on the company's executive leadership team
    Affirmed Networks, Inc. President and Chief Operating Officer April 2017 – February 2018 N/A
    Analog Devices, Inc. Senior Vice President of Finance and Chief Financial Officer January 2009 – April 2017 N/A
    Intersil Corporation Senior Vice President and Chief Financial Officer July 2005 – January 2009 N/A
    University of California, Berkeley Vice Chancellor N/AHeld as an academic position prior to his roles in the finance industry

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$752,800 AnnualBase salary for 2023
    Retirement Plan Contributions$16,500 AnnualEmployee retirement contribution
    Deferred Compensation Plan Contributions$25,500 AnnualDeferred compensation contribution
    Aggregate Intel Contributions to Non-Qualified Deferred Compensation Plan$25,500 AnnualIntel matching contributions to deferred plan
    Financial Planning and Physicals$27,500 AnnualProvided financial planning and physical examination services
    Residential Security$1,500 AnnualResidential security benefits
    Charitable Contributions$2,700 AnnualIntel Foundation matching charitable contributions
    Equity Awards - RSUs/PSUs (Grant Date: 1/31/2022)RSUs: 183,854 shares ($9,238,700); PSUs: 172,614 shares ($8,673,900) Vesting as per planEquity awards without explicit performance conditions
    Equity Awards - Austerity RSUs (Grant Date: 12/3/2023)5,283 shares ($265,500) Vesting as per planAwarded under austerity measures

    Performance Compensation

    Data from  FY 2023

    Annual Cash Bonus Plan

    MetricWeight (%)Performance (%)
    Revenue (Non-GAAP)20%88.92%
    Gross Margin Percentage (Non-GAAP)20%86.19%
    Spend Reduction20%100%
    One Intel Operational Goals20%118.04%
    Individual Performance Goals20%120%
    • Final Payout: 102.63% of the adjusted target
    • Adjusted Target: $1,262,800
    • Actual Bonus Payment: $1,296,000
    • Notes: Annual cash bonus under the Non-Equity Incentive Plan; target bonus reduced by 10.49% due to austerity measures

    Equity Awards - PSUs (Grant Date: 5/30/2023)

    • Performance Metrics:
      • Revenue Growth Percentage (60%)
      • Cash Flow from Operations (CFFO) (40%)
    • Modifiers: Relative TSR against the S&P 500 and Revenue CAGR
    • Payout Range: 0% to 200% of the target grant amount
    • Grant Date: May 30, 2023
    • Grant Date Fair Value: $1,737,500
    • Share Targets:
      • Target Shares: 55,510
      • Maximum Shares: 111,020
    • Vesting Schedule: Vesting occurs three years and one month after the start of the performance period

    Equity Awards - PSU (Grant Date: 2/16/2023)

    • Performance Metrics:
      • Based on Revenue Growth Percentage and Cash Flow from Operations
    • Modifiers: Adjustments via relative TSR and Revenue CAGR (±25 points)
    • Grant Date: February 16, 2023
    • Grant Date Fair Value: $1,196,800
    • Vesting Schedule: Vesting over a three-year period with annual performance evaluations