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 ac

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.

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,

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

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.

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.

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.

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 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.