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’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 hoping it would be a viable alternative to Taiwan Semiconductor Manufacturing Co., (TSMC) the world’s leading contract manufacturer of chips, Fortune ’s Jeremy Kahn recently reported.
Pat Gelsinger inherited major problems at Intel. Its next CEO may have to navigate worse.
Intel is in a shake-up. Its next leaders will have to take on the challenges of catching up in the AI race and navigating Donald Trump.
Intel CEO Pat Gelsinger announces immediate retirement; 2 interim co-CEOs named
Shake up in Silicon Valley. Intel CEO Pat Gelsinger announces immediate retirement with the company naming two interim co-CEOs to lead the chipmaker. He started at Intel in 1979 and was its first chief technology officer.
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.
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 CEO retires as chipmaker’s struggles continue
Intel on Monday announced the retirement of chief executive Pat Gelsinger. The move, which was effective Sunday, comes as the U.S. chipmaker struggles to keep up in the hypercompetitive semiconductor market and as its stock price has tumbled.
Intel CEO Pat Gelsinger resigns after more than 3 years of tumultuous tenure
On Monday, Intel announced that its CEO Pat Gelsinger was stepping down from his post after more than three years.
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 retired on Sunday.
Intel's next CEO needs to decide the fate of its chip fabs
Intel's CEO exit reignites discussions on splitting off factories, with questions about financial recovery and CHIPS Act ...
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 ...