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.
Intel’s board of directors announced Gelsinger’s retirement as chief executive, effective yesterday, today. The company didn’t name a successor and instead appointed two executives as interim co-CEOs to replace Gelsinger, a former Intel lifer who has been CEO for only three years. Intel also said Gelsinger was stepping down from the board. In other words, the company left little room for interpretation that Gelsinger was ousted.
