Intel's Leadership Hole Just Got Even Deeper
More than two months ago, Intel (NASDAQ: INTC) made a surprising move. It pushed CEO Pat Gelsinger out the door. The board of directors did so without lining up a replacement and named two interim co-CEOs in his place, CFO David Zinsner and CEO of Intel Products Michelle Johnston (MJ) Holthaus.
In some ways, the move made sense. The stock had floundered under Gelsinger as Intel struggled to overcome past missteps, gain ground in AI, and turn its foundry business profitable. However, in other ways, the timing was odd. Gelsinger was in the middle of a massive restructuring of Intel's foundry business, opening it up to outside customers and giving investors a forecast that called for it to generate massive profits by the end of the decade.
According to reports, the chip titan is struggling to find a permanent CEO to replace Gelsinger, and that shouldn't come as a surprise. In a number of ways, the next candidate looks set up for failure. Now, Intel's leadership hole is getting even deeper as its chief of the data center and AI segment is jumping ship for Nokia.
Source Fool.com
Intel Corp. Aktie
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