Effective Dec. 1, 2024, Intel Corporation CEO Pat Gelsinger has retired from the company and stepped down from the board of directors. (Credit: Intel Corporation) Intel has named two senior leaders, David Zinsner and Michelle (MJ) Johnston Holthaus, as interim co-chief executive officers while the board of directors conducts a search for a new CEO . Intel fired Pat Gelsinger after a contentious board meeting over his failure to respond to Nvidia's competitive edge and his lack of confidence in his turnaround plans. The company has been mired in an extended slump due to market share losses and a lack of AI market presence. Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon ... Intel announced that Pat Gelsinger , who joined the company as an 18-year-old and became its CEO in 2021, has stepped down from his role and the board. The chipmaker faces challenges from rivals, market dynamics, and a failed acquisition, and has appointed interim co-CEOs and a new leader for its products division.
