Tech »  Topic »  Pat Gelsinger retires as CEO of Intel after poor company performance

Pat Gelsinger retires as CEO of Intel after poor company performance


  • Pat Gelsinger retires as Intel’s CEO
  • David Zinsner and Michelle Johnston Holthaus appointed interim co-CEOs
  • Intel’s most recent quarterly revenue had dropped 6% as it undergoes restructuring efforts

After a near four-year stint as CEO of Intel, Pat Gelsinger has announced that he stepped down as head of the company effective December 1, marking the end of four decades’ service to the company in high-ranking roles.

Gelsinger has also retired from Intel’s board of directors, leaving CFO David Zinsner and Intel Products CEO Michelle (MJ) Johnston Holthaus to take on the role of interim co-CEOs for the company.

The board, headed by independent chair and interim executive chair Frank Yeary, has now formed a search committee to find Gelsinger’s replacement.

Intel’s CEO steps down

Yeary commented on Gelsinger’s departure: “As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor ...


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