Intel has confirmed the sudden departure of CEO Pat Gelsinger, a move aimed at restoring investor confidence in the struggling tech giant. Gelsinger will retire in December after over 40 years in the industry and will be temporarily replaced by EVP and CFO David Zinsner and CEO of Intel Products Michelle Johnston Holthaus. Frank Yeary, the independent chair of Intel's board, will serve as interim executive chair during the transition period.
The leadership changes come after a year of turmoil at Intel, which has been grappling with significant challenges
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