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RE: LeoThread 2024-12-04 08:53

Intel's board may opt for an internal promotion, and internal candidates could include CFO David Zinsner or Intel products chief MJ Holthaus, the interim co-CEOs.

Intel abruptly ousted CEO Pat Gelsinger over the weekend, with people familiar with the matter previously saying that the board had lost faith in his ability to execute on a turnaround at the chipmaker, which has been lagging behind Nvidia for more than a year.

Gelsinger will receive roughly $10 million in severance, Intel disclosed in a regulatory filing.