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 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 record loss of $16.6 billion for its most recent quarter.
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 Holthaus, CEO of Intel Products, will serve as interim co-chief executive officers while the board of directors searches for a new CEO.
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 retired on Sunday.
Intel’s CEO, Pat Gelsinger, ‘retires’ — riiiiight
That’s the company’s story line for public consumption, at least. But if you buy that, you’re not paying attention.
Intel now has two CEOs: Will it soon be two companies?
Intel CEO Pat Gelsinger’s abrupt retirement Monday may represent the end of an era, the last grasp at restoring one of America’s signature technology companies. Intel’s board hired Gelsinger at the beginning of 2021,
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 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.
The Morning After: Intel’s CEO just suddenly retired
It’s been a quiet few news days as everyone seemingly parses deals from Black Friday through to Cyber Monday. But there’s always time for a shock announcement: Pat Gelsinger is retiring after over 40 years at the company and close to four years at the chip manufacturer’s helm.
Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker
Intel Chief Executive Pat Gelsinger retired abruptly, ending a nearly four-year run that saw the chip maker fall behind rivals in building semiconductors to power the artificial-intelligence boom. The company on Monday said it named Chief Financial Officer David Zinsner and Michelle Johnston Holthaus,
Intel At The Crossroads. Where Does Intel Go From Here?
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Intel ruled tech. Now it’s in deep trouble
When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his ...
Intel: Prospects Of A New CEO Could Improve Sentiment (Rating Upgrade)
Intel faces challenges but could see positive changes with new leadership. Learn why INTC stock might deliver strong returns ...