Intel has started shortlisting a handful of candidates, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaker ousted company veteran Pat Gelsinger,

The deliberations on the CEO succession are at an early stage, the sources said, cautioning that Intel has not yet zeroed in on any candidate to replace Gelsinger who stepped down from his role on Monday after being given the choice to retire or be removed.

Intel is actively seeking a new CEO following the resignation of Pat Gelsinger, who resigned on Monday. The board is considering several candidates, including former board member Lip-Bu Tan, who stepped down from the Intel board of directions several months ago after disagreements with Pat Gelsinger over how Intel should proceed forward,