Intel CEO Did Not Retire On Own Accord But Was Forced Out After Board Grew Frustrated With Progress

Posted: Dec 02, 2024

Intel CEO Pat Gelsinger was forced out by the board due to lack of confidence in his plans to turn around the company
Gelsinger was given the option to retire or be removed and chose to announce the end of his career at Intel
Intel's CFO and product CEO will serve as interim leaders
Board frustrated with company's progress in winning back market share and narrowing the gap with Nvidia $NVDA

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