Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?

When Pat Gelsinger took the helm of Intel (NASDAQ: INTC) in 2021, the hope was that he could be the mastermind who engineered the aging semiconductor titan's long-awaited turnaround.Instead, he will now join the ranks of Intel CEOs who failed to reinvigorate the company and underperformed the stock market along the way.Intel announced Gelsinger's retirement Monday morning, effective Dec. 1, and he was apparently shown out the back door. He won't remain with the company in any capacity, having relinquished both the CEO chair and his board seat. Intel said CFO David Zinsner and CEO of Intel Products Michelle (MJ) Johnston Holthaus would take over as interim co-CEOs while the company searches for Gelsinger's long-term replacement. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool