Good morning. Intel Corporation’s CEO Pat Gelsinger retired from the company and stepped down from the board of directors, effective Dec. 1. The board gave him the option to retire or be removed, according to reports. The chipmaker, once the biggest in the world, has struggled for some time to keep up with artificial intelligence computing. And now its CFO is tasked with helping to keep the company afloat.
David Zinsner, EVP and CFO, and Michelle (MJ) Johnston Holthaus, CEO of Intel Products, will serve as interim co-chief executive officers while the board of directors searches for a new CEO. Zinsner joined Intel, a Fortune 500 company, as finance chief in January 2022. He has more than 25 years of financial and operational experience in semiconductors and manufacturing, including CFO roles at Micron Technology, Inc. and Analog Devices.
