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Intel CEO Pat Gelsinger Resigns Amid Financial Turmoil and Board Pressure

Pat Gelsinger has stepped down as Intel CEO following significant losses and internal board dissatisfaction over his turnaround strategy.

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Intel CEO Pat Gelsinger resigns after more than 3 years of tumultuous tenure

USA TODAY

In an all-hands meeting, Intel's new leaders emphasized outgoing CEO Pat Gelsinger's 'personal decision'

Business Insider

Intel CEO Pat Gelsinger forced out in surprise move

Al Jazeera

Intel’s outgoing CEO is living every executive’s nightmare: A post-departure stock bump and no succession plan

Fortune

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

ABC News

Intel’s troubles deepen, as its boss makes an abrupt exit

The Economist

A month before Intel CEO’s surprise exit, former board members warned that the iconic chipmaker had only one option to save itself

Fortune

Intel CEO Pat Gelsinger Retires, Stock Rises

Epoch Times

Intel CEO Pat Gelsinger abruptly retires amid chipmaker's bad year

Straight Arrow News

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

ABC News

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

ABC News

Intel CEO steps down as chipmaker falters, lays off staff

The Hill

Intel CEO Pat Gelsinger retires amid chipmaker’s struggles

The Guardian

Intel CEO Pat Gelsinger retires as struggling chipmaker searches for replacement

CBS News

Intel CEO Pat Gelsinger retires from flailing chipmaker after 40-plus-year career

New York Post

Intel CEO Pat Gelsinger Retires

TIME Magazine

Intel CEO Pat Gelsinger is out, stock up 5%

CNBC

Intel CEO is out as the company's stock sinks

Axios

Intel CEO Pat Gelsinger announces immediate retirement, company names 2 interim co-CEOs to lead the chipmaker

ABC News

Intel CEO resigns after a disastrous tenure | Business

CNN

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Associated Press

Intel's CEO steps down as chipmaker tries to restore investor confidence

Business Insider

Intel CEO retires as chipmaker loses ground in AI revolution

NBC News

Overview

A summary of the key points of this story verified across multiple sources.

Intel CEO Pat Gelsinger has resigned amid profound financial challenges, including a $16.6 billion loss and a plummet in stock prices. His departure, effective December 1, 2024, follows board concerns about the effectiveness of his ambitious turnaround strategy. Gelsinger will be succeeded temporarily by David Zinsner and Michelle Johnston Holthaus while the company seeks a permanent replacement. Under Gelsinger's leadership, Intel's stock has fallen about 60% and the company has faced significant restructuring, job cuts, and halted dividends in a bid to regain market share against competitors like Nvidia.

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Intel CEO Pat Gelsinger resigns after more than 3 years of tumultuous tenure

USA TODAY·7M·

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Intel CEO Pat Gelsinger resigns after more than 3 years of tumultuous tenure

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In an all-hands meeting, Intel's new leaders emphasized outgoing CEO Pat Gelsinger's 'personal decision'

Business Insider·7M·

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In an all-hands meeting, Intel's new leaders emphasized outgoing CEO Pat Gelsinger's 'personal decision'

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Intel’s outgoing CEO is living every executive’s nightmare: A post-departure stock bump and no succession plan

Fortune·7M·

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Intel’s outgoing CEO is living every executive’s nightmare: A post-departure stock bump and no succession plan

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Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

ABC News·7M·

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Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

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Intel’s troubles deepen, as its boss makes an abrupt exit

The Economist·7M·

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Intel’s troubles deepen, as its boss makes an abrupt exit

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A month before Intel CEO’s surprise exit, former board members warned that the iconic chipmaker had only one option to save itself

Fortune·7M·

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A month before Intel CEO’s surprise exit, former board members warned that the iconic chipmaker had only one option to save itself

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Intel CEO Pat Gelsinger abruptly retires amid chipmaker's bad year

Straight Arrow News·7M·

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Intel CEO Pat Gelsinger abruptly retires amid chipmaker's bad year

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Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

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ABC News·7M·

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Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

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Intel CEO steps down as chipmaker falters, lays off staff

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Intel CEO steps down as chipmaker falters, lays off staff

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Intel CEO Pat Gelsinger retires as struggling chipmaker searches for replacement

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Intel CEO Pat Gelsinger retires as struggling chipmaker searches for replacement

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Intel CEO Pat Gelsinger is out, stock up 5%

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Intel CEO Pat Gelsinger is out, stock up 5%

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Intel CEO is out as the company's stock sinks

Axios·7M·

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Intel CEO is out as the company's stock sinks

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Intel CEO Pat Gelsinger announces immediate retirement, company names 2 interim co-CEOs to lead the chipmaker

ABC News·7M·

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Intel CEO Pat Gelsinger announces immediate retirement, company names 2 interim co-CEOs to lead the chipmaker

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Associated Press·7M·

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Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

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Intel's CEO steps down as chipmaker tries to restore investor confidence

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Intel's CEO steps down as chipmaker tries to restore investor confidence

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Intel CEO retires as chipmaker loses ground in AI revolution

NBC News·7M·

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Intel CEO retires as chipmaker loses ground in AI revolution

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