Intel’s CFO has a tough new job: Serve as interim co-CEO to keep its finances from further ‘deteriorating’
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process hoping it would be a viable alternative to Taiwan Semiconductor Manufacturing Co., (TSMC) the world’s leading contract manufacturer of chips, Fortune ’s Jeremy Kahn recently reported.
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 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 CEO Pat Gelsinger announces immediate retirement; 2 interim co-CEOs named
Shake up in Silicon Valley. Intel CEO Pat Gelsinger announces immediate retirement with the company naming two interim co-CEOs to lead the chipmaker. He started at Intel in 1979 and was its first chief technology officer.
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 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 retires as chipmaker’s struggles continue
Intel on Monday announced the retirement of chief executive Pat Gelsinger. The move, which was effective Sunday, comes as the U.S. chipmaker struggles to keep up in the hypercompetitive semiconductor market and as its stock price has tumbled.
Intel CEO Pat Gelsinger resigns after more than 3 years of tumultuous tenure
On Monday, Intel announced that its CEO Pat Gelsinger was stepping down from his post after more than three years.
Ousted Intel CEO Pat Gelsinger is leaving the company with millions
Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission.
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 ...
Intel’s Next CEO? Why Apple, TSMC, Marvell Executives Could Be in the Mix.
A new boss will have to decide whether to abandon the company’s hopes of becoming a chip-manufacturing leader.
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 ...