Intel Corporation announced the retirement of CEO Pat Gelsinger, following a distinguished career spanning over four decades with the company. Gelsinger, a respected leader and technologist, began his career at Intel in 1979 and became its first Chief Technology Officer before taking on the CEO role in 2021 during a pivotal period for the company. His leadership is credited with driving semiconductor manufacturing advancements and innovation while positioning Intel to regain its competitive edge. Gelsinger expressed pride in the progress made during his tenure and gratitude for his colleagues, highlighting the challenges overcome to adapt to evolving market dynamics.
To ensure continuity, Intel has appointed David Zinsner, Executive Vice President and Chief Financial Officer, and Michelle Johnston Holthaus, CEO of Intel Products, as interim Co-CEOs while the board searches for a permanent successor. Frank Yeary, Chair of the Board, will serve as interim Executive Chair during this transition. Holthaus, a 30-year Intel veteran, leads the Intel Products division, which encompasses key business groups. Zinsner, with extensive financial and operational expertise, joined Intel in 2022. The interim leadership aims to focus on streamlining Intel’s product portfolio, advancing manufacturing capabilities, and driving efficiency while maintaining Intel's commitment to innovation and customer needs.
