Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs
Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger, who also stepped down from the company's board.
Intel will pay $7M in severance to former CEO Pat Gelsinger, plus millions more in bonuses
Intel’s hiring agreement with Gelsinger promised him a severance payment of 18 months of his salary and his annual target bonus if he resigned “for good reason.” In a regulatory filing Tuesday, Intel said that it had agreed to pay him that in connection with his retirement.
Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker
Intel said Pat Gelsinger has retired and stepped down from the company’s board of directors.
Intel CEO Pat Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs
Zinsner is executive vice president and chief financial officer at Intel. Holthaus was appointed to the newly created position of CEO of Intel Products, which includes the client
Intel CEO Gelsinger Retires as Chipmaker Names Interim Co-CEOs
David Zinsner and Michelle Johnston Holthaus were named interim co-leaders after the boomerang executive, who returned to the company in 2021, left the top job.
Intel CEO Pat Gelsinger retires; David Zinsner and Michelle Johnston Holthaus named interim co-CEOs
Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle Johnston Holthaus, will ac
Morning Movers: Intel climbs following retirement of CEO Pat Gelsinger
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Meet 2 chip execs reportedly in the running for Intel CEO — one is an outsider
The chipmaker is considering at least two people outside the company to replace former CEO Pat Gelsinger, who abruptly ...
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Intel CFO takes interim co-CEO role after board ousts top exec
CFO David Zinsner will step in as interim co-CEO as Intel races to regain lost ground in the GenAI race after reporting a ...
Intel approaches candidates for CEO role, including former board member Lip-Bu Tan
The move to replace Gelsinger - who took charge of Intel less than four years ago - came after the board decided that the ...
Intel’s CFO has a tough new job: Serve as interim co-CEO to keep its finances from further ‘deteriorating’
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
Pat Gelsinger’s Departure Reminds Intel Cares About Accessibility As It Does Chips
Corporate governance changes are usually far afield from my coverage area, but Gelsinger’s descension merits an exception.
Intel now has two CEOs: Will it soon be two companies?
Intel CEO Pat Gelsinger’s abrupt retirement Monday may represent the end of an era, the last grasp at restoring one of ...
Intel: Challenges For The New CEOs
Intel’s leadership change prompts a fresh look at its strategy. Read why INTC stock holds steady with a Hold rating, given ...
Intel’s Chief Executive Is Out Amid Chipmaker’s Struggles
Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.