Intel's outgoing CEO is living every executive's nightmare: A post-departure stock bump and no succession plan

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Thu, December 5, 2024

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Intel's outgoing CEO is living every executive's nightmare: A post-departure stock bump and no succession plan

//business-finance.news-articles.net/content/202 .. departure-stock-bump-and-no-succession-plan.html

Published in Business and Finance on Tuesday, December 3rd 2024 at 16:00 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Pat Gelsinger's plight at Intel might be a warning for boomerang executives: Even when a company wins you back and appoints you CEO, the honeymoon can end in a flash.

The article from Yahoo Finance discusses Intel's outgoing CEO, Pat Gelsinger, who is currently navigating the company through a challenging period marked by a significant decline in its stock value, down nearly 50% over the past year. Despite these struggles, Gelsinger remains optimistic about Intel's future, emphasizing the company's strategic shift towards becoming a major player in contract manufacturing, akin to Taiwan Semiconductor Manufacturing Company (TSMC). He highlights Intel's efforts to regain technological leadership in chip manufacturing, with plans to introduce five new process nodes in four years. Gelsinger also addresses the broader industry dynamics, including geopolitical tensions affecting the semiconductor supply chain, and Intel's commitment to building new factories in the U.S. and Europe to reduce reliance on Asian manufacturing. His tenure, although marked by immediate financial setbacks, is seen as laying the groundwork for long-term recovery and growth, with Intel's stock showing signs of recovery in recent months.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/intel-outgoing-ceo-living-every-214529409.html ]

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[ Mon, Dec 02nd 2024 ]: Bill Williamson