What's next for Intel's foundry business without Pat Gelsinger?
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Intel's shares dropped over 5% after CEO Pat Gelsinger's sudden retirement. CFO David Zinser and CEO of Intel Products Michelle Johnston Holthaus are interim co-CEOs as Intel searches for a new CEO.
December 03, 2024 | 10:45 pm
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Intel's stock fell over 5% due to CEO Pat Gelsinger's unexpected retirement. The company is now led by interim co-CEOs David Zinser and Michelle Johnston Holthaus as it seeks a new CEO.
The sudden retirement of a CEO often leads to uncertainty and volatility in a company's stock price. The drop in Intel's stock reflects investor concerns about leadership stability and future direction. The appointment of interim co-CEOs suggests a temporary solution while the company searches for a permanent leader.
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