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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 ac
Intel announces that CEO Pat Gelsinger has retired, and the search is on for his replacement
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.
Intel Stock Finishes Lower After Company Says CEO Has Retired
News that chip giant Intel will get a new CEO set the embattled chip maker's shares in motion Monday, with the stock finishing marginally lower as the company sought to reassure investors that things might improve after a punishing year.
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 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
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's Pat Gelsinger departing chipmaker with millions in severance
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.
What Pat Gelsinger's Retirement Likely Means for Intel Stock
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.
Intel At A Crossroads: CEO Retires
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.
Intel’s revival under Pat Gelsinger: Bold promises, unmet expectations
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 Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
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.
CRN
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Meet New Intel Products CEO Michelle Holthaus: 5 Big Things To Know
Intel on Wednesday explained why its board of directors chose Michelle Johnston Holthaus, a longtime sales and channel leader ...
Digi Times
2d
Intel's interim chiefs blend newcomer vision with veteran roots
Following CEO Pat Gelsinger's unexpected retirement announcement, Intel has appointed CFO David Zinsner and EVP Michelle ...
Investor's Business Daily on MSN
2d
Intel Board Blasted For Handling Of CEO's Sudden Exit As Stock Falls Again
Intel named two interim CEOs, David Zinsner, Intel's chief financial officer, and
Michelle
Johnston
Holthaus
, CEO of ...
CRN
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Intel Adds Two Veteran Semiconductor Leaders To Its Board
Intel said on Thursday that it has added former ASML CEO Eric Meurice and interim Microchip Technology CEO Steve Sanghi to ...
Hosted on MSN
4d
Explainer: Intel CEO steps down in leadership reshuffle welcomed by Wall Street
Intel senior leaders, David Zinsner and Michelle Johnston Holthaus, were announced as interim co-CEOs while the board of ...
Local News Matters on MSN
4d
Cashing in his chips: Intel CEO retires after 'challenging year' for Silicon Valley tech titan
Intel CEO Pat Gelsinger has retired from the Silicon Valley-based tech giant and effectively stepped down from its board of ...
CRN
3d
Interim Intel Co-CEO: ‘The Core Strategy Remains Intact’
Interim Intel co-CEO David Zinsner said on Wednesday that the chipmaker’s “core strategy remains intact” and offered further ...
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