Intel CEO Pat Gelsinger Retires Amid Silicon Valley Firm’s Rut
Intel’s chief executive officer retired effective immediately, the legacy Silicon Valley stalwart announced Monday, a shakeup that follows an extended period of stock market underperformance for the semiconductor chipmaker. Intel’s CEO Pat Gelsinger retired effective immediately Sunday.
Intel CEO Pat Gelsinger ‘retires’ amid foundry, growth challenges
“Pat stepping down presents an opportunity for Intel to finally face the hard truth: That without virtually unlimited capital its current strategy will bankrupt the company,” commented TheCUBE Research Chief Analyst Dave Vellante. “As David Floyer & I have said for years, it’s long past the time to spin Foundry.”
Corporate governance changes are usually far afield from my coverage area, but Gelsinger’s descension merits an exception.
Zinsner is executive vice president and chief financial officer at Intel. Holthaus was appointed to the newly created ...
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