Intel will pay $7M in severance to former CEO Pat Gelsinger, plus millions more in bonuses
Intel’s hiring agreement with Gelsinger promised him a severance payment of 18 months of his salary and his annual target bonus if he resigned “for good reason.” In a regulatory filing Tuesday, Intel said that it had agreed to pay him that in connection with his retirement.
The chipmaker is considering at least two people outside the company to replace former CEO Pat Gelsinger, who abruptly ...
CFO David Zinsner will step in as interim co-CEO as Intel races to regain lost ground in the GenAI race after reporting a ...
The move to replace Gelsinger - who took charge of Intel less than four years ago - came after the board decided that the ...
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
Corporate governance changes are usually far afield from my coverage area, but Gelsinger’s descension merits an exception.
Intel CEO Pat Gelsinger’s abrupt retirement Monday may represent the end of an era, the last grasp at restoring one of ...
Intel said Gelsinger would be replaced by interim co-CEOs David Zinsner, Intel’s chief financial officer, and Michelle ...
Intel’s leadership change prompts a fresh look at its strategy. Read why INTC stock holds steady with a Hold rating, given ...
Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
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