Intel CEO Pat Gelsinger ousted by board after disastrous performance

(CNBC) The company announced Gelsinger’s resignation Monday morning after a contentious board meeting last week over Gelsinger’s perceived failure to respond to Nvidia’s competitive edge and a lack of confidence in Gelsinger’s turnaround plans. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs.

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