Mon, December 2, 2024

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

The article from WTOP discusses the retirement of Intel CEO Pat Gelsinger, effective immediately, and the appointment of David Zinsner and Michelle Johnston Holthaus as interim co-CEOs. Gelsinger, who has been with Intel for over three decades, led the company through significant technological advancements and strategic shifts, including a focus on manufacturing and the IDM 2.0 strategy. His retirement comes at a time when Intel is navigating through a competitive semiconductor market. Zinsner, previously the CFO, and Johnston Holthaus, who was the executive vice president and general manager of the Client Computing Group, will jointly steer the company during this transition period. The board has initiated a search for a permanent CEO, with no specific timeline provided for the conclusion of this process.

Read the Full WTOP News Article at:
[ https://wtop.com/business-finance/2024/12/intel-ceo-gelsinger-retires-zinsner-and-johnston-holthaus-named-interim-co-ceos/ ]