Gelsinger has also stepped down from his seat on the board. A statement from board chair Frank Yeary suggests that Intel plans to continue Gelsinger's signature push into the chip foundry business.

Intel lost over 60% of its value in 2024, the biggest drop in its 53 years as a public company. Broadcom’s stock price more ...

we know that we have much more work to do at the company and are committed to restoring investor confidence,” said Frank Yeary, who has taken over as independent chair of Intel’s board.

Both departures are effective December 1. Holthaus has been appointed to the newly created position of CEO of Intel Products, while Frank Yeary was named interim executive chair. “On behalf of ...

Intel's share price has almost halved this year but jumped 3% at the market open Monday after Pat Gelsinger's retirement was announced.

“We have much more work to do at the company and are committed to restoring investor confidence,” the company’s interim executive chair Frank Yeary said in a statement. Intel’s board wants ...

Interim Executive Chair Frank Yeary has been appointed to oversee Intel's pivotal leadership transition. Two co-CEOs have been appointed, as Gelsinger didn't seem interested in staying behind to ...

we know that we have much more work to do at the company and are committed to restoring investor confidence," Frank Yeary, independent chair of the board of Intel, said in a statement.

Frank Yeary, independent chair of Intel’s board, will perform duties as interim executive chair. “With Dave and MJ’s leadership, we will continue to act with urgency on our priorities ...