Intel, CEO Pat Gelsinger will retire on December 1 and announced that he would be leaving the board of directors. Gelsinger was replaced on an interim basis by David Zinsner and Michelle Johnston Holthaus.

Pat Gelsingerstarted his career at Intel in the 1980s and returned as CEO in 2021.

Gelsinger’s retirement marks the start of a new era at Intel

gel singerhas taken significant steps toward restructuring Intel’s manufacturing facilities and approved major investments in the US. However, the challenges it has faced in recent years have caused Intel to lose market share. Especially in the field of chip production and artificial intelligence, he could not achieve the success he wanted. From 2023 onwards, the company’s revenues dropped significantly and large financial losses occurred.

Intel, Gelsinger’s retirement subsequently appointed Zinsner and Holthaus to interim leadership. The company will take over management responsibility from these two names until a new CEO is appointed. It is already a matter of curiosity what decisions Intel will make in the future after Gelsinger’s departure.