Pat Gelsinger retires and leaves Intel leadership

In the middle of some financial problemsIntel has announced that Pat Gelsinger is retiring and will retire effective December 1, 2024. Pat Gelsinger has practiced for more than 40 yearswhich started at Intel and returned in 2021 to revolutionize the company with your new ideas. For now Intel has named two leaders David Zinsner and Michelle Johnston Holthauswho will serve as co-executive directors while the board is looking for a new director to take on the role of Pat.

Pat Gelsinger has expressed his pride during his time at Intel, which has been left with a bittersweet taste for leaving the company. The new co-directors have a extensive experience in similar positions at Intel and other companies, with more than 25 years in the sector. Zisner comes from Micron where he was executive vice president, Holghaus has been 30 years at Intel and know how the company works.

HolthausIn addition to being co-director, she will also act as Director of Intel Products which encompasses Client Computing Group, Data Center and AI Group and Network and Edge Group. Frank Yeary will serve as interim board president during the search and adaptation period to the new director. Intel Foundry, Intel’s foundry business will remain unchanged. The board has appreciated Pat’s workwhich has invested heavily in the business of Intel foundry and adapt the facilities to manufacture with state-of-the-art processes.

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