Intel CEO Brian Krzanich resigns after relationship with employee is revealed

Intel announced today CEO Brian Krzanich has resigned from his position post-obit the reveal of a past "consensual relationship" with an Intel employee. The move stems from an internal investigation that found Krzanich's human relationship violated the company's non-fraternization policy that applies to all managers (via Anandtech).

From Intel:

Intel was recently informed that Mr. Krzanich had a past consensual human relationship with an Intel employee. An ongoing investigation past internal and external counsel has confirmed a violation of Intel'south non-fraternization policy, which applies to all managers. Given the expectation that all employees will respect Intel'south values and attach to the visitor's code of conduct, the board has accepted Mr. Krzanich's resignation.

According to sources speaking with CNBC, the human relationship occurred "some fourth dimension back," but Intel recently found out about the tryst and Krzanich was asked to resign.

Krzanich has also resigned his position on Intel'due south board of directors.

Replacing Krzanich on an interim footing will be electric current Intel CFO, Bob Swan. The company says information technology "has a robust succession planning process in place and has begun a search for a permanent CEO."

Krzanich initially joined Intel in 1982 before becoming COO in 2022. The exec was then promoted to the position of CEO in 2022, where he had guided the visitor's strategy since.

The motion comes as Intel is facing increased force per unit area from both AMD and Qualcomm in the PC space. AMD has recently seen a resurgence of sorts with its Ryzen processor lineup, while Qualcomm is working closely with Microsoft on its efforts with Windows 10 on ARM PCs. Intel also has plans to enter the discrete GPU market place in 2022, a market which NVIDIA and AMD currently dominate.

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