Posted on

Intel to Replace Its C.E.O. as Activist Pushes for Change: Live Updates

Share

Here’s what you need to know: Pat Gelsinger will replace Robert Swan as chief executive of Intel, the company announced.Credit…Vmware/Via ReutersPat Gelsinger, a veteran technology executive and former chief technology officer at Intel, is returning to the big chip maker as chief executive next month, the company announced Wednesday morning.Mr. Gelsinger will replace Robert Swan, who became Intel’s chief in January 2019, after a stint as chief financial officer.Intel is under pressure from Third Point, an activist hedge fund, that has acquired a stake in Intel and urged it to rethink its business, including …

Read More