Intel's ousted CEO may get more than $10 million in severance
Outgoing Intel CEO Pat Gelsinger is set to get paid as much as $10 million as he exits the struggling tech giant.
Intel CEO Pat Gelsinger ousted by board after disastrous performance
Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Frank Yeary will serve as interim executive chair.
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.
Intel CEO Told to Retire or Be Removed
Learn more about why the CEO of Intel was asked to retire or get fired, after the company struggled to keep up with the AI chip competitors.
Intel CEO Pat Gelsinger Retires From Struggling Chipmaker
(Reuters) -Chipmaker Intel said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1. The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.
Pat Gelsinger inherited major problems at Intel. Its next CEO may have to navigate worse.
Intel is in a shake-up. Its next leaders will have to take on the challenges of catching up in the AI race and navigating Donald Trump.
Intel Set to Pay Ousted CEO Gelsinger as Much as $10 Million
Intel Corp.’s ousted Chief Executive Officer Pat Gelsinger, who was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, is set to receive as much as $10 million in severance pay.
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 retires as once-mighty chipmaker continues to struggle
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,
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 Is Sinking As Risk Factors Pile Up, Is It A Time To Get Out?
There are increased headwinds with a high degree of uncertainty regarding the future of Intel's leadership. Read why I'll ...
Here's what Wall Street analysts say is ahead for Intel after CEO Pat Gelsinger's departure
Intel stock dropped 6% on Tuesday as investors reacted to the CEO's departure. Wall Street analysts say there's more ...
Why Intel Stock May Fall After Its CEO's Removal
After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s ...
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Intel announces that CEO Pat Gelsinger has retired, and the search is on for his replacement
Pat has suddenly departed - which is not really a big surprise, given the year Intel's had - and Zinsner plus Holthaus are ...
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.
Intel considers an outside CEO, taps headhunters
Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster ...
Are Intel’s Problems Too Big to Fix?
Pat Gelsinger’s exit might open some options, but Intel’s struggles in manufacturing technology and market shifts are still ...