Intel is actively seeking a new CEO following the resignation of Pat Gelsinger, who resigned on Monday. The board is considering several candidates, including former board member Lip-Bu Tan, who stepped down from the Intel board of directions several months ago after disagreements with Pat Gelsinger over how Intel should proceed forward, reports Reuters.
Gelsinger's oust reportedly came after Intel's board expressed frustration with the slow progress of his efforts to revive the company. Gelsinger was reportedly given the choice to retire or be dismissed. Intel has formed a search committee to oversee the process of selecting its next CEO. While deliberations are still in their early stages, the board is expected to make a final decision in the coming weeks.
