Intel announces retirement of CEO Pat Gelsinger ‘effective immediately’

Intel announced on Monday, December 2, 2024, 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 semiconductor giant has named David Zinsner, executive vice president and chief financial officer, and Michelle Johnston Holthaus, newly appointed CEO of Intel Products, as interim co-chief executive officers. Frank Yeary, the board’s independent chair, will serve as interim executive chair during the transition period.