Due to dissatisfaction from the board of directors over slow progress, the intel CEO was forced to resign.
Pat Gelsinger, CEO of intel, was forced to resign as the board of directors lost confidence in his ability to reverse the fortunes of the iconic chipmaker, exacerbating the turmoil for this industry pioneer.
Intel Ousts CEO Gelsinger With Stock Down 61% During His Tenure
Intel (INTC.US) CEO steps down, restructuring and trade opportunities reopen.
The sudden departure of intel CEO Pat Gelsinger provides a new opportunity for the struggling company to consider potential trade options, including some proposals that Pat Gelsinger rejected during his tenure leading the chip manufacturer.
Intel's Strategic Transition Amid Leadership Changes and Market Challenges: A Hold Rating Analysis
Intel's CEO Departure Opens Door to Fresh Deal Discussions
intel CEO suddenly 'retired', the former chip leader's dominance is waning, and the stock price has fallen by more than 50% this year!
Forced and helpless.
