His track record at VMware was also my major concern when deciding whether to invest in INTC stock recently. In the end I decided for myself that VMware was probably unsalvageable. They had a dominant position in the datacenter (and still have), but were unable to compete effectively in the cloud as there is too little overlap between the VMware culture, commercial model, and product with what's needed to run a hyperscale cloud. Gelsinger managed to become CTO at Intel in 2001, which is I think is not something you can do if you don't have any leadership skills. Given that the Intel mission is pretty clear, and given that I don't think Intel needs to total cultural overhaul (just the management), my view is that he has a decent chance.
I can still believe things would be different at Intel, because of his long history there, and he seems pretty passionate about it (although maybe he seemed that way at VMWare too?)
In my personal opinion, this was generally to the detriment of VMware's products (downward pressure to focus on features that made little or no sense, except to give Dell marketing talking points; bad impact on morale by doing things like decreasing employee benefits quality so DellEMC and VMware could jointly reap discounts), played a role in frivolous acquisitions, and generally (and understandably) caused OEMs other than Dell to disengage and keep VMware at arms-length.