Similar Stories to Intel Ceo Resigns: What Investors Need To Know on Bing News

newsfeedback@fool.com (Ashraf Eassa), The Motley Fool
Fri, 06/22/2018 - 7:18pm

On June 21, chip giant Intel (NASDAQ: INTC) announced that Brian Krzanich, who was appointed the chief executive officer of the company in May 2013, had resigned, effective immediately. The resignation, Intel says, came after the company had discovered that Krzanich had a "consensual relationship" with an employee who reported to him, violating the company's code of conduct for managers.While the company conducts what it referred to as a "robust search" for Krzanich's replacement, current chief financial officer, Bob Swan, will serve as Intel's interim CEO."Bob has been instrumental to the development and execution of Intel's strategy, and we know the company will continue to smoothly execute," Intel Chairman Andy Bryant said in the press release announcing Krzanich's departure.Continue reading

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