Intel has announced two of its senior leaders, David Zinner and Michelle Johnston Holthouse, as interim co-CEOs.
Intel CEO Pat Gelsinger.
Intel Corp. said Monday that its CEO Pat Gelsinger has retired from the company. Gelsinger, who is retiring after a career spanning more than 40 years, has also resigned from the board of directors, effective December 1, 2024. .
Intel said in a statement that Intel’s independent chairman of the board, Frank Erie, will become interim executive chairman during the transition period.
“Intel Foundry’s leadership structure remains intact,” the company said.
Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to the newly created position of CEO of Intel Products, a group that includes the company’s Client Computing Group (CCG), Data Center and AI Group (DCAI) and Encircles the network. Edge Group (NEX).
In the statement, Gilsinger said, “It has been the honor of my life to lead Intel – this group of people is among the best and brightest in the business, and I’m honored to call each one a colleague. Certainly today.” The day is bittersweet because this company has been my life for most of my working career. I can look back with pride on what we have done together. It has been a difficult year for all of us because we have Tough to position Intel for market dynamics But the necessary decisions have been made. I am forever grateful for the many colleagues around the world I have worked with as part of the Intel family.”
Gelsinger, 63, has held a variety of roles at Intel over the course of his career, driving significant innovation and advancing not only the business but the broader global technology industry. A highly respected leader and skilled technologist, he has been instrumental in driving a focus on innovation as well as creating a sense of urgency throughout the organization. Gelsinger began his career at Intel in 1979, rising through the company to eventually become its first Chief Technology Officer.