Intel: CEO Pat Gelsinger to step down

(CercleFinance.com) - Intel announces the retirement of CEO Pat Gelsinger and his resignation from the Board of Directors effective 1 December, as well as the appointment of David Zinsner and Michelle Johnston Holthaus as interim co-CEOs.


Respectively CFO of the Group and CEO of Intel Products (a newly created position), they will perform their new duties while the Board of Directors searches for a permanent successor, a search committee having been set up for this purpose.

Frank Yeary, independent chairman of Intel's Board of Directors, will become interim executive chairman during the transition period. Intel Foundry's management structure remains unchanged.


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