Intel Explores External Candidates For CEO Role, Breaking From Tradition

Benzinga

Intel is reportedly exploring external candidates to replace recently ousted CEO Pat Gelsinger, according to sources familiar with the matter. Executive search firm Spencer Stuart has been hired to assist in identifying potential successors. The move marks a pivotal decision for Intel, which traditionally promotes from within. Gelsinger was removed after the board lost confidence in his ability to steer a turnaround amid struggles to catch up with Nvidia.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Intel is reportedly exploring external candidates to replace currently ousted CEO Pat Gelsinger,

00:08according to sources familiar with the matter. Executive search firm Spencer Stewart has been

00:12hired to assist in identifying potential successors. The move marks a pivotal decision

00:17for Intel, which traditionally promotes from within. Genslinger is now removed after the

00:22board lost confidence in his ability to steer a turnaround amid struggles to catch up with Nvidia.

00:28For all things money, visit Benzinga.com.

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