(Reuters) -Intel's ( INTC ) top strategy executive, Safroadu Yeboah-Amankwah, is departing the company, the latest change since Lip-Bu Tan took the chipmaker's helm in March, two people familiar with the matter told Reuters.

Intel ( INTC ) confirmed the departure, saying, "We are grateful for Saf's contributions to Intel ( INTC ) and wish him the best."

Yeboah-Amankwah, who has served as Intel's ( INTC ) chief strategy officer since 2020, is leaving on June 30, said the two people, who spoke on condition of anonymity. Yeboah-Amankwah has overseen growth initiatives, strategic partnerships and equity investments for Intel ( INTC ), among other responsibilities.

Some of Yeboah-Amankwah's strategy functions will now fall to Sachin Katti, whom Intel ( INTC ) recently elevated to chief technology and AI officer. Intel Capital, the company's venture arm, is reporting up to Tan, said one of the two people and a third source briefed on the matter.

Tan is a prolific investor and founded San Francisco-based venture capital firm Walden International in 1987.

As Intel's ( INTC ) CEO, Tan so far has flattened the semiconductor giant's leadership team and taken direct oversight of its important data center and AI chip group, plus its personal-computer chip group. He has brought in new engineering leaders.

He has also aimed to cut what he viewed as Intel's ( INTC ) bloated, slow-moving middle-management layer.

Tan's moves follow years of manufacturing challenges at Intel ( INTC ) and lost opportunity for mobile phone and AI chips. His predecessor, Pat Gelsinger, attempted an ambitious turnaround though he compounded some of Intel's ( INTC ) problems, Reuters previously reported.

Intel ( INTC ) reported an annual net loss attributable to the company - its first since 1986 - of $18.8 billion in 2024.