this post was submitted on 02 Dec 2024
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Hardware

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Intel Announces Retirement of CEO Pat Gelsinger (www.intc.com)
submitted 1 month ago by [email protected] to c/hardware
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David Zinsner and Michelle Johnston Holthaus named interim Co-CEOs. Holthaus also appointed to the newly created position of CEO of Intel Products. Frank Yeary named interim executive chair.

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[–] [email protected] 2 points 1 month ago

My guess is that this would have been decided around or just before September.

If the decision was already made months ago and they sat on it, then that seems to me like they delayed it until they signed contracts for the CHIPs act money?

but it’s rare for people in positions like this to voluntarily retire and step down.

Yeah, at least not in this fashion and effective immediately. Voluntary retirement would probably be announced in advanced and ideally with a successor already lined up and stepping down due to unforseen circumstances like health issues (themself or in the family) would probably be mentioned in some form.