Pat Gelsinger has abruptly stepped down as Intel chief executive, ending a nearly four-year run during which he failed to halt the Silicon Valley icon’s slide into turmoil.
California-based Intel said on Monday that the 63-year-old would be replaced by chief financial officer David Zinsner and executive vice-president Michelle Johnston Holthaus, who will be interim CEOs until a permanent appointment is made.
Gelsinger described the decision as “bittersweet”, adding that it had been “a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics”.
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