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: technology, computer hardware, brian krzanich, business news, intel corp, enterprise, silicon valley,