Changes in Intel's Leadership

Intel's CEO Pat Gelsinger has recently announced his retirement, marking a significant shift in the company's leadership. CFO David Zinsner and GM of Client Computing Michelle Johnston Holthaus are stepping in as interim co-CEOs while the board seeks a permanent replacement. This change comes amidst falling chip revenues and shareholder pressure for a more efficient allocation of resources, particularly with respect to the foundry and product sectors. Observers noted that the board implied a need for faster decision-making and prioritization, indicating a dissatisfaction with Gelsinger's leadership pace.