In a shocking move, Intel CEO Pat Gelsinger has retired from his position as CEO as well as his seat on Intel’s board. The resignation is effective as of December 1, 2024. Intel is currently looking for a new CEO, and in the meantime, it has appointed David Zinser – Intel CFO and Michelle Johnston Holthaus – CEO of Intel Products as interim co-CEOs. Officially, Gelsinger retired. Unofficially, it’s likely he didn’t have a choice. The board needed to sacrifice somebody important to Wall Street.

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