Intel CEO Pat Gelsinger retires, company appoints interim Co-CEOs amid transition

Intel Corporation announced that Pat Gelsinger has retired as CEO, effective December 1, 2024, following a more than 40 years of run in the company. Gelsinger also stepped down from Intel’s board of directors, marking the end of his tenure at the company he first joined in 1979.

The company has named two senior executives, David Zinsner and Michelle (MJ) Johnston Holthaus, as interim co-CEOs while the board conducts a search for Gelsinger’s permanent successor. Zinsner, Intel’s executive vice president and chief financial officer, and Holthaus, the newly appointed CEO of Intel Products, will lead the company during this transition period. Holthaus will also serve in the role of co-CEO.