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Intel Corp. It announced Monday that CEO Pat Gelsinger has retired after decades in engineering and management roles at one of the world’s largest semiconductor chip manufacturers.
Gelsinger stepped down as CEO and from the board of directors on Sunday, the company said. Two senior leaders, David Zinsner and Michelle Johnston Holthaus, will serve as interim CEOs while the board searches for a new CEO.
Frank Yeary, Intel’s independent chairman of the board, will serve as interim board chairman during the transition.
Shares of the chip maker rose in market trading after the announcement.
This is a developing story. Check back for updates.
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