Intel CEO Pat Gelsinger to Retire, as Company Faces Leadership Transition

📆 03/12/2024 02:46 a. m.
📰 TheRegister

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Intel confirms the departure of CEO Pat Gelsinger, replacing him temporarily with David Zinsner and Michelle Johnston Holthaus, as the company aims to restore investor confidence and navigate through a year of turmoil.

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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Intel CEO Pat Gelsinger Steps Down Amid Company TurmoilIntel has confirmed the sudden departure of CEO Pat Gelsinger, aiming to restore investor confidence. Gelsinger will retire in December and be temporarily replaced by EVP David Zinsner and Michelle Johnston Holthaus, with Frank Yeary becoming interim executive chair.
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