According to ChainCatcher, Intel (INTC.O) announced today that CEO Patrick P. Gelsinger will retire from the company and step down from the board effective December 1, 2024, after more than 40 years of an outstanding career.
Intel has appointed two executives, David Zinsner and Michelle Johnston Holthaus, as interim co-CEOs while the board searches for a new CEO. Frank Yary, the independent chairman of the Intel board, will serve as interim executive chairman during the transition. The leadership structure of Intel Foundry remains unchanged. The board has formed a committee that will work diligently and swiftly to find a permanent successor to Patrick Gelsinger.
