Intel Corp. Chief Executive Officer Pat Gelsinger has resigned after trying to lead a turnaround of the iconic chipmaker. Intel Chief Financial Officer David Zinsner and Michelle Johnston Holthaus will serve as interim co-CEOs while the board searches for a successor.
Intel Chief Executive Officer Pat Gelsinger has retired after a 40-yearlong career at the company, effective Dec. 1, the chipmaker said on Monday.
CNBC's Jon Fortt joins 'Squawk Box' with the latest news from Intel.
Intel announced Monday that CEO Pat Gelsinger has retired. Two senior executives have been named interim co-CEOs.
Intel's chief executive officer retired effective immediately, the legacy Silicon Valley stalwart announced Monday, a shakeup that follows an extended period of stock market underperformance for the semiconductor chipmaker.
Intel Corp. Chief Executive Officer Pat Gelsinger has retired from the company and stepped down from its board of directors just as the company is in the middle of trying to execute on a turnaround plan. The stock rose sharply on the news.
Intel is “committed to restoring investor confidence,” its independent board chair said Monday.
Pat Gelsinger retires from the chip maker.
Intel announced Monday that CEO Pat Gelsinger has retired from the company, effective Dec. 1.
Chipmaker Intel said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1.
[00:00:00] Doug: I'm going to talk about Intel for a second.
Intel's median employee pay rose 4% in five years, lagging behind other tech firms. Other tech companies like Nvidia and Microsoft increased pay by at least 12%.