Intel CEO Exits Company

Intel announced on Monday that CEO Pat Gelsinger, who had a remarkable 40-plus-year career with the company, has retired and stepped down from the board of directors, effective December 1, 2024.

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Amidst some challenges, Intel has appointed two senior leaders, David Zinsner and Michelle (MJ) Johnston Holthaus, as interim co-chief executive officers. Zinsner, currently the executive vice president and chief financial officer, will lead the company, while Holthaus has been appointed as the CEO of Intel Products, overseeing the Client Computing Group (CCG), Data Center and AI Group (DCAI), and Network and Edge Group (NEX). Frank Yeary, the independent chair of the board of Intel, will serve as interim executive chair during the transition period. Notably, Intel’s leadership structure within the Foundry remains unchanged.

Intel’s board has formed a dedicated search committee to expedite the process of finding a permanent successor to Gelsinger. The committee will work diligently to ensure a smooth transition and bring a new leader to the company.

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Dan Uff

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