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Intel announced Monday that CEO Pat Gelsinger will resign, effective December 1.
Intel appointed David Zinsner (now CFO and Executive Vice President) and Michelle Johnston Holthaus (now Intel Product CEO) as joint interim CEOs
https://www.cnbc.com/2024/12/02/intel-ceo-pat-gelsinger-is-out.html
He is said to be responsible for poor performance and a plunge in stock prices.
Intel stock price fell by almost 50% from its 52-week high.
Intel stock rises 3% after CEO announces resignation