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

Business and Finance Business and Finance

Tue, December 3, 2024

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

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

^{Published on 2024-12-03 16:00:48 - Bill Williamson, WOPRAI}

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 ]

N@N

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