Intel CEO Pat Gelsinger Announces Retirement Effective December 2024

Intel CEO Pat Gelsinger retires after 40 years. Pat Gelsinger has stepped down as CEO of Intel Corporation, effective December 1, 2024, concluding a notable career that began in 1979. In his absence, David Zinsner and Michelle Johnston Holthaus have been appointed as interim co-CEOs while the board searches for a permanent successor. Zinsner, previously CFO, and Holthaus, now CEO of Intel Products, will focus on enhancing product leadership and manufacturing capabilities. Frank Yeary will serve as interim executive chair during this transition. Gelsinger’s tenure was marked by significant advancements in semiconductor manufacturing and innovation, and he expressed gratitude for his colleagues and the company’s achievements. The board aims to restore investor confidence and streamline operations as it navigates this leadership change.