Aerospace industry veteran Kelly Ortberg was named Boeing's new CEO in July, succeeding Dave Calhoun to turn the struggling planemaker around. Calhoun, 66, was brought in as CEO following a pair of crashes in 2018 and 2019 that killed nearly 350 people.

News that chip giant Intel will get a new CEO set the embattled chip maker's shares in motion Monday, with the stock finishing marginally lower as the company sought to reassure investors that things might improve after a punishing year.

Intel CEO Pat Gelsinger’s abrupt retirement Monday may represent the end of an era, the last grasp at restoring one of America’s signature technology companies. Intel’s board hired Gelsinger at the beginning of 2021,

Intel's CEO exit reignites discussions on splitting off factories, with questions about financial recovery and CHIPS Act funding.

Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission.

It’s been a quiet few news days as everyone seemingly parses deals from Black Friday through to Cyber Monday. But there’s always time for a shock announcement: Pat Gelsinger is retiring after over 40 years at the company and close to four years at the chip manufacturer’s helm.

Intel’s shares rose 5% Monday after the company announced the 63-year-old Gelsinger, who began his career at the chipmaker in 1979, had retired from the position of chief executive and also stepped down from the board of directors.