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Intel Explores External Candidates For CEO Role, Breaking From Tradition

B
Benzinga

72 Views • Dec 04, 2024

Description

Intel is reportedly exploring external candidates to replace recently ousted CEO Pat Gelsinger, according to sources familiar with the matter. Executive search firm Spencer Stuart has been hired to assist in identifying potential successors. The move marks a pivotal decision for Intel, which traditionally promotes from within. Gelsinger was removed after the board lost confidence in his ability to steer a turnaround amid struggles to catch up with Nvidia.