Intel (INTC) announced Monday that CEO Pat Gelsinger retired on Sunday, stepping down from his post leading the company and a spot on the company’s board of directors.
Gelsinger joined the company in 2021 from VMware.
During Gelsinger’s tenure, Intel stock has been a laggard during a period in which tech stocks led the market higher and the AI boom catalyzed a new wave of enthusiasm in the space.
Year-to-date, Intel stock is down over 50%; the S&P 500 is up 26%.
This is breaking news, more to come.
Click here for the latest technology news that will impact the stock market
Read the latest financial and business news from Yahoo Finance
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
