Intel's leadership undergoes significant changes as CEO Patrick retires

ChainCatcher news, Intel (INTC.O) announced today that after more than 40 years of distinguished career, CEO Patrick P. Gelsinger is retiring from the company and stepping down from the board, effective December 1, 2024.

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 established a committee that will work diligently and swiftly to find Patrick P. Gelsinger's permanent successor.