With Gelsinger out, Intel’s chief financial officer, David Zinsner, and Intel Products CEO, Michelle Johnston Holthaus, will temporarily serve as co-CEOs while the board searches for a new leader. Frank Yeary, an independent chair on Intel’s board, will take on the role of interim executive chair.

Pat Gelsinger's departure leaves Intel at a crossroads, forcing the company to confront cultural stagnation, x86's decline, and growing competition from Arm, AI, and TSMC. Here's what could come next.

So, maybe it isn’t surprising that CEO Pat Gelsinger is leaving. The announcement was made via press release this morning, calling the move a retirement. Two current executives, David Zinsner and Michelle Johnston Holthaus,

Computer chip maker Intel announced the retirement of chief executive Pat Gelsinger on Monday, raising new questions about the company’s future even as the United States is set to give it billions of dollars to build up the country’s ability to manufacture chips at home.

Pat Gelsinger bet his legacy on returning Intel to manufacturing greatness. That puts his successor in a tough spot.

Intel’s shares rose 5% Monday after the company announced the 63-year-old Gelsinger, who began his career at the chipmaker in 1979, had retired from the position of chief execut

David Zinsner and Michelle Johnston Holthaus were named interim co-leaders after the boomerang executive, who returned to the company in 2021, left the top job.