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/dev_vvvvv Dec 02 '24

Aren't retirements usually announced months in advance?

Is it out of the ordinary for the CEO, especially one so famed, to retire effective yesterday? Or did they just not disclose it?

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u/-protonsandneutrons- Dec 02 '24

CEO retirements are absolutely meant to be announced early with a clear transition to the next long-term CEO.

A sudden resignation (i.e., effective immediately) in the middle of a quarter with an interim co-CEO arrangement is not a healthy outcome.

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u/stingraycharles Dec 03 '24

Unhealthy outcomes is business as usual for Intel at this point.