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 Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.
Intel Announces Retirement of CEO Pat Gelsinger
Intel Corp. announced that CEO Pat Gelsinger has retired from the company and stepped down from the board of directors, effective Dec. 1, 2024.
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 faces massive shakeup as CEO Pat Gelsinger abruptly retires
Intel CEO Pat Gelsinger has retired effective December 1 and has also stepped down from the Board of Directors.
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 act as interim co-CEOs while the company searches for a replacement for Gelsinger,
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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’s CFO has a tough new job: Serve as interim co-CEO to keep its finances from further ‘deteriorating’
And now its CFO is tasked with helping to keep the company afloat. David Zinsner, EVP and CFO, and Michelle (MJ) Johnston ...
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A new boss will have to decide whether to abandon the company’s hopes of becoming a chip-manufacturing leader.
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 is in the process of shedding many non-core products and related assets while showing very positive results in its ...
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 ...