San Francisco, December 2: Chip-maker Intel on Monday announced that its CEO Pat Gelsinger has retired from the company, along with stepping down from the board of directors, effective December 1.

The company named David Zinsner and Michelle (MJ) Johnston Holthaus as interim co-chief executive officers, as the board of directors conducts a search for a new CEO. Gelsinger first joined Intel as an 18-year-old. At age 32, he was named the youngest VP in the company슬롯사이트™s history. He became Intel슬롯사이트™s CTO in 2001. In 2009, he left to join EMC as president and CFO, and was appointed CEO of VMware in 2012. Gelsinger rejoined Intel as CEO in 2021.슬롯 머신 사이트 추천Indian PC Market in Q3 2024: HP Leads As Premium Notebook Sales Surge by 7.6%, Desktop Category Decreased 8.1%.

The Intel board has formed a search committee and will work diligently to find a permanent successor to Gelsinger. Frank Yeary, independent chair of the board of Intel, will become interim executive chair during the period of transition.

슬롯사이트œPat spent his formative years at Intel, then returned at a critical time for the company in 2021. As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor manufacturing, while working tirelessly to drive innovation throughout the company,슬롯사이트� said Yeary. Gelsinger said that leading Intel has been the honour of his lifetime.

슬롯사이트œToday is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics,슬롯사이트� he added.

Zinsner and Holthaus said they are grateful for Pat슬롯사이트™s commitment to Intel over these many years as well as his leadership. 슬롯사이트œWe will redouble our commitment to Intel Products and meeting customer needs. With our product and process leadership progressing, we will be focused on driving returns on foundry investments,슬롯사이트� they added.슬롯 머신 사이트 추천iOS 18.2 Release Date: Apple To Launch Its Next iPhone OS Update Next Month With Apple Intelligence Features Like Genmoji, Image Playground and More; Check Details.

Intel슬롯사이트™s revenue shrunk to $54 billion in 2023, down around a third from the year Gelsinger took over. The company has cut more than 15,000 jobs in a $10 billion cost-reduction plan. In October, Intel posted a $16.6 billion quarterly loss 슬롯사이트� the biggest in its 56-year history. Shares of Intel were up almost 3.5 per cent on news of Gelsinger슬롯사이트™s departure on Monday.

(The above story first appeared on LatestLY on Dec 03, 2024 10:23 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).