The Wall Street Journal

Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker

Departure ends a nearly four-year run in which company failed to keep pace with rivals amid the AI boom

Pat Gelsinger had been Intel’s CEO since February 2021.
Pat Gelsinger had been Intel’s CEO since February 2021. Photo: Ann Wang/Reuters

Intel Chief Executive Pat Gelsinger retired abruptly, ending a nearly four-year run that saw the chip maker fall behind rivals in building semiconductors to power the artificial-intelligence boom.

The company on Monday said it named Chief Financial Officer David Zinsner and Michelle Johnston Holthaus, general manager of Intel’s client computing group, as interim co-CEOs. The board has formed a search committee to find a permanent successor to Gelsinger, 63 years old, who stepped down Sunday.

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