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Intel Corp. on Monday introduced that CEO Pat Gelsinger has retired after a long time of serving in engineering and govt roles at one of many world’s largest semiconductor chip producers.
Gelsinger stepped down as CEO and from the board of administrators on Sunday, the corporate mentioned. Two senior leaders, David Zinsner and Michelle Johnston Holthaus, will function interim co-chief govt officers whereas the board conducts a seek for a brand new CEO.
Frank Yeary, unbiased chair of Intel’s board, will develop into interim govt chair through the interval of transition.
Shares of the chipmaker rose in premarket buying and selling following the announcement.
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