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Michelle Johnston Holthaus

Interim Co-CEO and CEO of Intel Products at INTEL
Since December 1, 2024
Age
51 years
Education
Graduated from Linfield College with a bachelor's degree in finance.
Tenure
Joined INTC in 1996 and advanced through various leadership roles, including positions in sales, marketing, and executive management, ultimately becoming the Interim Co-CEO and CEO of Intel Products.

Also at INTEL

About

Michelle Johnston Holthaus has built a distinguished career at INTC, beginning her journey in 1996. Over the years, she has taken on a range of responsibilities that have allowed her to gain deep insights into sales, marketing, and product management, significantly contributing to the company’s growth and strategic direction.

Her progression through the organization is marked by key executive roles, including senior leadership positions in sales and marketing, and most notably as the Executive Vice President and General Manager of the Client Computing Group.

In December 2024, her career reached a new milestone when she was appointed as the Interim Co-CEO and CEO of Intel Products, where she now oversees important segments such as the Client Computing Group, Data Center and AI Group, and Network and Edge Group.

Past Roles

OrganizationRoleDate RangeDetails
Intel Corporation Executive Vice President and General Manager of the Client Computing Group (CCG) April 2022 – December 2024 Managed worldwide sales strategy, financial performance, and product development for the client computing portfolio
Intel Corporation Executive Vice President, Chief Sales Officer, and General Manager of the Sales, Marketing and Communications Group September 2019 – January 2022 Led global sales and revenue efforts and fostered innovative sales and marketing approaches
Intel Corporation Senior Vice President of Sales and Marketing and Acting Chief Marketing Officer September 2017 – September 2019 Oversaw global sales and marketing initiatives
Intel Corporation Chief Revenue Officer and General Manager of the Sales, Marketing and Communications Group 2017 Directed global sales and revenue operations
Intel Corporation Earlier Roles (e.g., led the Microsoft Global Account team, managed channel products, central marketing, and operations within the PC Client Group; held channel mobile and desktop roles) N/AHeld diverse early career positions within Intel

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base SalaryFinal: $752,800 (Beginning: $825,000 )2023 AnnualAdjusted due to austerity measures
Restricted Stock Units (RSUs)138,608 RSUs ($3,960,600) and 5,283 Austerity RSUs ($227,800) Granted on May 30, 2023 and December 3, 2023 Grant date fair values provided
Stock Option AwardsNone N/ANo awards granted for 2023
All Other Compensation$79,100 (Retirement: $16,500; Deferred Compensation: $52,200; Financial Planning and Physicals: $10,400)2023 AnnualTotal includes retirement plan, deferred comp, and other benefits
Severance and Termination BenefitsN/AN/ANo information provided for 2023

Performance Compensation

Data from  FY 2023

Annual Performance Bonus (APB)

MetricDetails
Performance MetricsRevenue (20%), Gross Margin (20%), Spend Reduction (20%), One Intel Operational Goals (20%), Individual Performance Goals (20%)
Target Payout105.63% corresponding to $1,262,800 (reduced from $1,410,800 due to a 10.49% austerity reduction)
ThresholdNot explicitly mentioned
Cap (Maximum)200% of the target opportunity
Evaluation Period2023, with metrics approved in February 2023
Vesting ScheduleNot applicable (cash bonus)

Performance Stock Units (PSUs)

MetricThresholdTarget (100% Payout)Maximum (200% Payout)ActualWeightPayout
Revenue Growth Percentage-24.0% -13.0% 3.0% -14.0% 60%89%
Cash Flow from Operations (CFFO)$5.4B $8.4B $11.4B $11.5B 40%200%
Overall PayoutN/AN/AN/AN/AN/A133.3%

Grant Details for PSUs:

  • Grant Dates: February 16, 2023 and May 30, 2023
  • Grant Date Fair Values: February 16, 2023: $675,400; May 30, 2023: $2,169,200
  • Number of Shares: February 16, 2023: Target of 32,473 shares, Maximum 64,946 shares; May 30, 2023: Target of 69,304 shares, Maximum 138,608 shares
  • Vesting Schedule: Vest over a three-year performance period
  • Additional Modifiers: Relative TSR and revenue CAGR can adjust results by plus or minus 25 points
  • Grant Date Stock Price: Determined using the average of the high and low trading prices on the grant date adjusted for anticipated dividends