Intel CEO Pat Gelsinger retires, succeeded by two co-CEOs
Intel unexpectedly announced on Monday that CEO Pat Gelsinger will retire and resign from the board. David Zinsner and Michelle Johnston Holthaus will serve as Intel's interim co-CEOs, with Holthaus also appointed as the newly established Intel Product CEO, while Frank Yeary has been named interim executive chairman. Frank Yeary stated in a statement, "On behalf of the board, I would like to thank Pat for his years of service and dedication to Intel during his long career as a technology leader. Pat spent his formative years at Intel and returned at a critical moment for the company in 2021. As a leader, Pat helped launch and revitalize process manufacturing by investing in cutting-edge semiconductor manufacturing, while tirelessly driving innovation across the company." Following the announcement, Intel's stock rose over 5% in pre-market trading on Monday as of the time of publication
According to Zhitong Finance APP, Intel (INTC.US) unexpectedly announced on Monday that CEO Pat Gelsinger will retire and resign from the board. David Zinsner and Michelle Johnston Holthaus will serve as Intel's interim co-CEOs, with the latter also appointed as the newly established CEO of Intel Products, while Frank Yeary has been appointed as the interim executive chairman.
Frank Yeary stated in a statement, "On behalf of the board, I would like to thank Pat for his years of service and dedication to Intel during his long career as a technology leader. Pat spent his formative years at Intel and returned at a critical moment for the company in 2021. As a leader, Pat helped launch and revitalize process manufacturing by investing in cutting-edge semiconductor manufacturing while tirelessly driving innovation across the company."
Following the announcement, as of the time of writing, Intel's stock rose over 5% in pre-market trading on Monday
