Intel CEO Pat Gelsinger retires, effective immediately — two co-CEOs step in
Intel announced that CEO Pat Gelsinger will retire and step down from the board of directors, effective immediately. Intel has appointed two interim leaders, CFO David Zinsner and Michelle Johnston Holthaus, as interim co-CEOs while the board begins a search for a new CEO. Speculation is rife that Gelsinger was forced out, especially in light of the company’s poor performance in the stock market — Intel’s stock price is down 61% since Gelsinger took over....