Stifel Reiterates Hold Rating on Intel (INTC), 'No change to investment thesis'

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Intel Announces Retirement of CEO Pat Gelsinger

December 2, 2024 8:30 AM EST

David Zinsner and Michelle Johnston Holthaus named interim Co-CEOs. Holthaus also appointed to the newly created position of CEO of Intel Products. Frank Yeary named interim executive chair.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation (NASDAQ: INTC) today announced that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors, effective Dec. 1, 2024.

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