Intel will pay $7M in severance to former CEO Pat Gelsinger, plus millions more in bonuses
Intel’s hiring agreement with Gelsinger promised him a severance payment of 18 months of his salary and his annual target bonus if he resigned “for good reason.” In a regulatory filing Tuesday, Intel said that it had agreed to pay him that in connection with his retirement.
A new boss will have to decide whether to abandon the company’s hopes of becoming a chip-manufacturing leader.
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then ...
The chipmaker is considering at least two people outside the company to replace former CEO Pat Gelsinger, who abruptly ...
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
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Cashing in his chips: Intel CEO retires after 'challenging year' for Silicon Valley tech titanIntel CEO Pat Gelsinger has retired from the Silicon Valley-based tech giant and effectively stepped down from its board of ...
Intel's board has initiated a search for a new CEO, enlisting Spencer Stuart to find external candidates. Matt Murphy of ...
Intel is evaluating outsiders, including former board member Lip-Bu Tan, for the CEO position after Pat Gelsinger's exit. The ...
On Monday, Intel's interim leadership addressed outgoing CEO Pat Gelsinger's abrupt departure, in an internal meeting.
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