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Pat Gelsinger retires as Intel CEO
Intel announced CEO Pat Gelsinger's retirement effective December 1, 2024, after more than 40 years with the company. CFO David Zinsner and Michelle Johnston Holthaus became interim co-CEOs while the board searched for a permanent successor.
- Pat Gelsinger retired as CEO after 40+ years at Intel; board chair Frank Yeary became interim executive chair during transition.
- David Zinsner (CFO, 25+ years semiconductor experience) and Michelle Johnston Holthaus (newly created CEO of Intel Products role) named as interim co-CEOs.
- Board stated Intel made progress regaining manufacturing competitiveness but acknowledged much more work needed to restore investor confidence.