intel ceo pat gelsinger departs as turnaround efforts falter

Intel Corp. CEO Pat Gelsinger is stepping down as the company struggles to execute its turnaround strategy, which has failed to close the gap with competitors.

Gelsinger, who took the helm in 2021, oversaw efforts that ultimately did not yield the desired results, leading to his departure.

In the interim, Chief Financial Officer David Zinsner and Michelle Johnston Holthaus, who will assume a new role as CEO of the product group, will serve as co-CEOs while the board seeks a permanent replacement.

Frank Yeary, the independent chair of the board, will take on the role of interim executive chair during this transition period.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings