{"id":68213,"date":"2024-12-02T17:55:10","date_gmt":"2024-12-02T16:55:10","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=68213"},"modified":"2024-12-02T17:55:10","modified_gmt":"2024-12-02T16:55:10","slug":"intel-announces-retirement-of-ceo-pat-gelsinger","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/68213-intel-announces-retirement-of-ceo-pat-gelsinger\/","title":{"rendered":"Intel Announces Retirement of CEO<\/span> Pat Gelsinger"},"content":{"rendered":"

SANTA<\/span> CLARA<\/span>, Calif., Dec. 2, 2024 \u2013 Intel Cor\u00adpo\u00adra\u00adti\u00adon (NASDAQ<\/span>: INTC<\/span>) today announ\u00adced that CEO<\/span> Pat Gel\u00adsin\u00adger reti\u00adred from the com\u00adpa\u00adny after a distin\u00adgu\u00adis\u00adhed 40-plus-year care\u00ader and has step\u00adped down from the board of direc\u00adtors, effec\u00adti\u00adve Dec. 1, 2024. <\/p>\n

Intel has named two seni\u00ador lea\u00adders, David Zins\u00adner<\/a> and Michel\u00adle (MJ<\/span>) John\u00ads\u00adton Holt\u00adhaus<\/a>, as inte\u00adrim co-chief exe\u00adcu\u00adti\u00adve offi\u00adcers while the board of direc\u00adtors con\u00adducts a search for a new CEO<\/span>. Zins\u00adner is exe\u00adcu\u00adti\u00adve vice pre\u00adsi\u00addent and chief finan\u00adcial offi\u00adcer, and Holt\u00adhaus has been appoin\u00adted to the new\u00adly crea\u00adted posi\u00adti\u00adon of CEO<\/span> of Intel Pro\u00adducts, a group that encom\u00adpas\u00adses the company\u2019s Cli\u00adent Com\u00adpu\u00adting Group (CCG<\/span>), Data Cen\u00adter and AI<\/span> Group (DCAI<\/span>) and Net\u00adwork and Edge Group (NEX<\/span>). Frank Yea\u00adry, inde\u00adpen\u00addent chair of the board of Intel, will beco\u00adme inte\u00adrim exe\u00adcu\u00adti\u00adve chair during the peri\u00adod of tran\u00adsi\u00adti\u00adon. Intel Foundry lea\u00adder\u00adship struc\u00adtu\u00adre remains unchanged.<\/p>\n

The board has for\u00admed a search com\u00admit\u00adtee and will work dili\u00adgent\u00adly and expe\u00addi\u00adtious\u00adly to find a per\u00adma\u00adnent suc\u00adces\u00adsor to Gelsinger.<\/p>\n

Yea\u00adry said, \u201cOn behalf of the board, I want to thank Pat for his many years of ser\u00advice and dedi\u00adca\u00adti\u00adon to Intel across a long care\u00ader in tech\u00adno\u00adlo\u00adgy lea\u00adder\u00adship. Pat spent his for\u00adma\u00adti\u00adve years at Intel, then retur\u00adned at a cri\u00adti\u00adcal time for the com\u00adpa\u00adny in 2021. As a lea\u00adder, Pat hel\u00adped launch and revi\u00adta\u00adli\u00adze pro\u00adcess manu\u00adfac\u00adtu\u00adring by inves\u00adt\u00ading in sta\u00adte-of-the-art semi\u00adcon\u00adduc\u00adtor manu\u00adfac\u00adtu\u00adring, while working tire\u00adless\u00adly to dri\u00adve inno\u00adva\u00adti\u00adon throug\u00adhout the company.\u201d<\/p>\n

Yea\u00adry con\u00adtin\u00adued, \u201cWhile we have made signi\u00adfi\u00adcant pro\u00adgress in regai\u00adning manu\u00adfac\u00adtu\u00adring com\u00adpe\u00adti\u00adti\u00adve\u00adness and buil\u00adding the capa\u00adbi\u00adli\u00adties to be a world-class foundry, we know that we have much more work to do at the com\u00adpa\u00adny and are com\u00admit\u00adted to res\u00adto\u00adring inves\u00adtor con\u00adfi\u00addence. As a board, we know first and fore\u00admost that we must put our pro\u00adduct group at the cen\u00adter of all we do. Our cus\u00adto\u00admers demand this from us, and we will deli\u00adver for them. With MJ<\/span>\u2019s per\u00adma\u00adnent ele\u00adva\u00adti\u00adon to CEO<\/span> of Intel Pro\u00adducts along with her inte\u00adrim co-CEO role of Intel, we are ensu\u00adring the pro\u00adduct group will have the resour\u00adces nee\u00added to deli\u00adver for our cus\u00adto\u00admers. Ulti\u00adm\u00adate\u00adly, retur\u00adning to pro\u00adcess lea\u00adder\u00adship is cen\u00adtral to pro\u00adduct lea\u00adder\u00adship, and we will remain focu\u00adsed on that mis\u00adsi\u00adon while dri\u00adving grea\u00adter effi\u00adci\u00aden\u00adcy and impro\u00adved profitability.\u201d <\/p>\n

Yea\u00adry con\u00adcluded, \u201cWith Dave and MJ<\/span>\u2019s lea\u00adder\u00adship, we will con\u00adti\u00adnue to act with urgen\u00adcy on our prio\u00adri\u00adties: sim\u00adpli\u00adfy\u00ading and streng\u00adthening our pro\u00adduct port\u00adfo\u00adlio and advan\u00adcing our manu\u00adfac\u00adtu\u00adring and foundry capa\u00adbi\u00adli\u00adties while opti\u00admi\u00adzing our ope\u00adra\u00adting expen\u00adses and capi\u00adtal. We are working to crea\u00adte a lea\u00adner, simp\u00adler, more agi\u00adle Intel.\u201d<\/p>\n

Gel\u00adsin\u00adger said, \u201cLea\u00adding Intel has been the honor of my life\u00adtime \u2013 this group of peo\u00adp\u00adle is among the best and the brigh\u00adtest in the busi\u00adness, and I\u2019m hono\u00adred to call each and every one a col\u00adle\u00adague. Today is, of cour\u00adse, bit\u00adters\u00adweet as this com\u00adpa\u00adny has been my life for the bulk of my working care\u00ader. I can look back with pri\u00adde at all that we have accom\u00adplished tog\u00ade\u00adther. It has been a chal\u00adlen\u00adging year for all of us as we have made tough but neces\u00adsa\u00adry decis\u00adi\u00adons to posi\u00adti\u00adon Intel for the cur\u00adrent mar\u00adket dyna\u00admics. I am fore\u00adver gra\u00adteful for the many col\u00adle\u00adagues around the world who I have work\u00aded with as part of the Intel family.\u201d <\/p>\n

Throug\u00adhout Gelsinger\u2019s ten\u00adure at Intel across a varie\u00adty of roles, he has dri\u00adven signi\u00adfi\u00adcant inno\u00adva\u00adti\u00adon and advan\u00adced not only the busi\u00adness but the broa\u00adder glo\u00adbal tech\u00adno\u00adlo\u00adgy indus\u00adtry. A high\u00adly respec\u00adted lea\u00adder and skil\u00adled tech\u00adno\u00adlo\u00adgist, he has play\u00aded an instru\u00admen\u00adtal role in focu\u00adsing on inno\u00adva\u00adti\u00adon while also crea\u00adting a sen\u00adse of urgen\u00adcy throug\u00adhout the orga\u00adniza\u00adti\u00adon. Gel\u00adsin\u00adger began his care\u00ader in 1979 at Intel, gro\u00adwing at the com\u00adpa\u00adny to even\u00adtual\u00adly beco\u00adme its first chief tech\u00adno\u00adlo\u00adgy officer.<\/p>\n

Zins\u00adner and Holt\u00adhaus said, \u201cWe are gra\u00adteful for Pat\u2019s com\u00admit\u00adment to Intel over the\u00adse many years as well as his lea\u00adder\u00adship. We will redou\u00adble our com\u00admit\u00adment to Intel Pro\u00adducts and mee\u00adting cus\u00adto\u00admer needs. With our pro\u00adduct and pro\u00adcess lea\u00adder\u00adship pro\u00adgres\u00adsing, we will be focu\u00adsed on dri\u00adving returns on foundry investments.\u201d <\/p>\n

Zins\u00adner has more than 25 years of finan\u00adcial and ope\u00adra\u00adtio\u00adnal expe\u00adri\u00adence in semi\u00adcon\u00adduc\u00adtors, manu\u00adfac\u00adtu\u00adring and the tech\u00adno\u00adlo\u00adgy indus\u00adtry. He joi\u00adn\u00aded Intel in Janu\u00adary 2022 from Micron Tech\u00adno\u00adlo\u00adgy Inc., whe\u00adre he was exe\u00adcu\u00adti\u00adve vice pre\u00adsi\u00addent and CFO<\/span>. Zins\u00adner ser\u00adved in a varie\u00adty of other lea\u00adder\u00adship roles ear\u00adlier in his care\u00ader, inclu\u00adding pre\u00adsi\u00addent and chief ope\u00adra\u00adting offi\u00adcer at Affirm\u00aded Net\u00adworks and seni\u00ador vice pre\u00adsi\u00addent of finan\u00adce and CFO<\/span> at Ana\u00adlog Devices.<\/p>\n

Holt\u00adhaus is a pro\u00adven gene\u00adral mana\u00adger and lea\u00adder who began her care\u00ader with Intel near\u00adly three deca\u00addes ago. Pri\u00ador to being named CEO<\/span> of Intel Pro\u00adducts, she was exe\u00adcu\u00adti\u00adve vice pre\u00adsi\u00addent and gene\u00adral mana\u00adger of CCG<\/span>. Holt\u00adhaus has held a varie\u00adty of manage\u00adment and lea\u00adder\u00adship roles at Intel, inclu\u00adding chief reve\u00adnue offi\u00adcer and gene\u00adral mana\u00adger of the Sales and Mar\u00adke\u00adting Group, and lead of glo\u00adbal CCG<\/span> sales.<\/p>\n

For\u00adward-Loo\u00adking Statements<\/strong><\/p>\n

This release con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments that invol\u00adve a num\u00adber of risks and uncer\u00adtain\u00adties. Words such as \u201cacce\u00adle\u00adra\u00adte\u201d, \u201cachie\u00adve\u201d, \u201caim\u201d, \u201cambi\u00adti\u00adons\u201d, \u201canti\u00adci\u00adpa\u00adte\u201d, \u201cbelie\u00adve\u201d, \u201ccom\u00admit\u00adted\u201d, \u201ccon\u00adti\u00adnue\u201d, \u201ccould\u201d, \u201cdesi\u00adgned\u201d, \u201cesti\u00adma\u00adte\u201d, \u201cexpect\u201d, \u201cfore\u00adcast\u201d, \u201cfuture\u201d, \u201cgoals\u201d, \u201cgrow\u201d, \u201cgui\u00addance\u201d, \u201cintend\u201d, \u201clikely\u201d, \u201cmay\u201d, \u201cmight\u201d, \u201cmile\u00adsto\u00adnes\u201d, \u201cnext gene\u00adra\u00adti\u00adon\u201d, \u201cobjec\u00adti\u00adve\u201d, \u201con track\u201d, \u201coppor\u00adtu\u00adni\u00adty\u201d, \u201cout\u00adlook\u201d, \u201cpen\u00adding\u201d, \u201cplan\u201d, \u201cposi\u00adti\u00adon\u201d, \u201cpos\u00adsi\u00adble\u201d, \u201cpoten\u00adti\u00adal\u201d, \u201cpre\u00addict\u201d, \u201cpro\u00adgress\u201d, \u201cramp\u201d, \u201croad\u00admap\u201d, \u201cseek\u201d, \u201cshould\u201d, \u201cstri\u00adve\u201d, \u201ctar\u00adgets\u201d, \u201cto be\u201d, \u201cupco\u00adming\u201d, \u201cwill\u201d, \u201cwould\u201d, and varia\u00adti\u00adons of such words and simi\u00adlar expres\u00adsi\u00adons are inten\u00added to iden\u00adti\u00adfy such for\u00adward-loo\u00adking state\u00adments, which may include state\u00adments regarding:<\/p>\n

 <\/p>\n