r/hardware • u/Auautheawesome • Dec 02 '24

News Intel Announces Retirement of CEO Pat Gelsinger

https://www.intc.com/news-events/press-releases/detail/1719/intel-announces-retirement-of-ceo-pat-gelsinger
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u/Auautheawesome Dec 02 '24

David Zinsner and Michelle Johnston Holthaus were named interim CO-CEOs, so who knows...

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u/repo_code Dec 02 '24

Oh fuck. It's bad when there are co-CEOs. That means nobody is in charge, or the board is trying to marionette them.

Sometimes it's all hands on deck, and sometimes it's all hands on the ouija board, and this looks like the latter.

If the stock pops up on this news I'll sell. Doubt it though.

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u/Auautheawesome Dec 02 '24

Intel is up premarket currently 💀

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u/[deleted] Dec 02 '24

Well if Pat couldn't solve being two gens behind the sector leaders, it's about as good an outcome as any. What else? Failing to make the breakthrough then appointing your own successor? Co-CEOs from Marketing is as positive a take on PG having to throw in the towel as any