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Intel's Brian Krzanich is forced out as CEO after 'consensual relationship' with employee - TL;DR CNBC

Intel's Brian Krzanich is forced out as CEO after 'consensual relationship' with employee

Publishing timestamp: 2018-06-21 13:03:15


Summary

Intel CEO Brian Krzanich was forced out due to violating the company's non-fraternization policy by having a consensual relationship with an employee. CFO Robert Swan will step in as interim CEO, and the board has begun the search for a permanent replacement. Intel's stock initially rose but later fell after the announcement. Intel also raised its guidance for the second quarter.


Sentiment: NEUTRAL

Tickers: INTC

Keywords: technologycomputer hardwarebrian krzanichbusiness newsintel corpenterprisesilicon valley

Source: https://www.cnbc.com/2018/06/21/intel-ceo-brian-krzanich-to-step-down-bob-swan-to-step-in-as-interim-ceo.html


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