Pat returned as CEO in 2021. I don't think that 3 years is enough time to clean out the internal rot that has led Intel to where it is today and a lot of problems have been in motion for a while. Short-term this might be better for Intel but this move lacks long term vision. Intel also just got a big hand-out from the government that would've kept them moving in the right direction regardless of what CEO is leading the pack.
Some of these people have strong contracts with clauses against being fired. It is also very difficult to replace them if capable people left the company. Especially if they are the majority of middle management.