Read ‘fired’ Intel CEO Pat Gelsinger’s “bittersweet” retirement note

Intel announced Monday that CEO Pat Gelsinger has retired, effective December 1, 2024, stepping down from both his executive role and the company’s board of directors after a 40-plus-year career. The 63-year old CEO steps down from the role amid a prolonged period of corporate challenges that have dramatically eroded the company’s market position and investor confidence.