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 announces that CEO Pat Gelsinger has retired, and the search is on for his replacement
Pat has suddenly departed - which is not really a big surprise, given the year Intel's had - and Zinsner plus Holthaus are temporary co-CEOs.
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.
Pat Gelsinger retires as CEO of Intel after poor company performance
Pat Gelsinger retires as Intel’s CEO David Zinsner and Michelle Johnston Holthaus appointed interim co-CEOs Intel’s most recent quarterly revenue had dropped 6% as it undergoes restructuring efforts After a near four-year stint as CEO of Intel,
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's Pat Gelsinger departing chipmaker with millions in severance
Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.
What Pat Gelsinger's Retirement Likely Means for Intel Stock
With his past experience, the company's board hoped Gelsinger's return would help restore its former glory. Now that his retirement has dashed those hopes, David Zinsner and Michelle Johnston Holthaus will serve as interim co-CEOs until the company finds a suitable replacement.
Intel At A Crossroads: CEO Retires
Can anyone genuinely rescue Intel from its current predicament? The company's missed mobile and AI chips opportunities have left it playing catch-up in critical markets.
Intel’s revival under Pat Gelsinger: Bold promises, unmet expectations
Gelsinger’s appointment as CEO in 2021 was heralded as a potential turning point for Intel — a return to its engineering roots and a bold move to reclaim its industry leadership. It was the time when Intel’s annual revenue was inching to $80 billion,
Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Intel said on Monday that CEO Pat Gelsinger was retiring, effective immediately. Two senior leaders will take over as interim co-CEOs while it searches for a permanent replacement. The move calls into question the company's strategic direction and the future of its foundry business.
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Cashing in his chips: Intel CEO retires after 'challenging year' for Silicon Valley tech titan
Intel CEO Pat Gelsinger has retired from the Silicon Valley-based tech giant and effectively stepped down from its board of ...