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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.

Fortune on MSN · 9h

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.

Bloomberg on MSN · 23h

Intel CEO Forced Out by Board Frustrated With Slow Progress

Intel Corp. Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry.

3h

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 ...

18hon MSN

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, ...

2h

Intel shares slide as Gelsinger exit leaves chipmaker without a ‘quick fix'

Intel shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.

28mon MSN

Exclusive-Intel approaches candidates for CEO role, including former board member Lip-Bu Tan, sources say

By Max A. Cherney and Milana Vinn (Reuters) -Intel has started evaluating a handful of outsiders, including former board ...

3hon MSN

Pat Gelsinger inherited major problems at Intel. Its next CEO may have to navigate worse.

Intel is in the midst of a shake-up that will see its next leaders take on the challenges of catching up in the AI race and ...

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 ...

4h

Intel’s ex-CEO Pat Gelsinger set to net $10M in severance pay

Intel's newly departed ex-CEO Pat Gelsinger could be walking away with more than $10 million in severance pay.

5h

Intel: Challenges For The New CEOs

Intel’s leadership change prompts a fresh look at its strategy. Read why INTC stock holds steady with a Hold rating, given ...

Intel CEO Pat Gelsinger retires, reports of ultimatum by board

Over the weekend, Intel announced the retirement of its CEO Pat Gelsinger who has been in the role since February 2021.

1d

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 ...

Local News Matters on MSN12h

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 ...

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