Intel CEO Brian Krzanich Resigns After Revelation of Relationship With Employee

Jun. 22, 2018

Intel CEO Brian Krzanich resigned Thursday after an internal investigation by the company revealed“a past consensual relationship with an Intel employee”.In a press release, the company said that the relationship violated Intel’s ‘non-fraternization policy’, which applies to all managers. Krzanich also resigned from the company’s board of Directors, which has now appointed Chief Financial Officer Robert Swan as the interim CEO.

“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers … Given the expectation that all employees will respect Intel’s values and adhere to the company’s code of conduct, the Board has accepted Mr. Krzanich’s resignation”

The Intel board has already begun its search for a permanent CEO, and is looking at ‘both internal and external candidates’ for the job.“The board will retain a leading executive search firm to assist in the process”, said the company.

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