From CRN: Intel said it has added two veteran semiconductor executives to its board of directors: former ASML CEO Eric Meurice and interim Microchip Technology CEO Steve Sanghi.
The semiconductor giant announced the board appointments on Thursday, three days after it said that CEO Pat Gelsinger had abruptly retired on Sunday. The board named two-year CFO David Zinsner and Client Computing Group leader Michelle Johnston Holthaus as interim co-CEOs as it begins a search for Gelsinger’s permanent successor.
Intel’s stock price was down less than 1 percent in early trading Thursday.
Reports by Bloomberg and CNBC earlier this week said Intel’s board of directors gave Gelsinger a choice to retire or be fired after it had lost confidence in his comeback plan, which has involved spending tens of billions of dollars to expand Intel’s manufacturing footprint and advanced chip-making capabilities to build a foundry business.
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