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Intel CEO, Brian Krzanich, has resigned because of a "a violation of Intel's non-fraternisation policy". The BBC reports:
Chipmaker Intel has announced that its chief executive, Brian Krzanich, is stepping down with immediate effect because of "a violation of Intel's non-fraternisation policy".
[...] Intel said an inquiry had revealed that Mr Krzanich had had a consensual relationship with an Intel employee, which was against company rules.
His successor has been named as Robert Swan, currently the company's chief financial officer.
The company said the relevant policy applied 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 Register reports:
Intel chief exec Brian Krzanich has quit after his "consensual relationship" with an employee came to light.
Staff flings are frowned upon in US corporate tech world, and against Intel company policy. In a statement within the past hour, the chip maker said:
Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee. 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.
Krzanich – who has two daughters with wife Brandee – will be replaced by interim CEO Bob Swan, who is otherwise the chief financial officer and an exec veep.
"The board believes strongly in Intel's strategy and we are confident in Bob Swan's ability to lead the company as we conduct a robust search for our next CEO," said Intel chairman Andy Bryant in a statement.
How will this affect Intel's competitive efforts with respect to AMD, ARM, and Nvidia?
(Score: -1, Flamebait) by exaeta on Thursday June 21 2018, @04:33PM (2 children)
The law should not restrict your personal sexual activity. These kind of relationships are not something the government should interfere with.
The Government is a Bird
(Score: 3, Informative) by Anonymous Coward on Thursday June 21 2018, @04:44PM (1 child)
The government isn't interfering, he broke company policy. If there's an argument company policy should apply out of hours, it definitely applies to executives first!
(Score: 1) by exaeta on Sunday June 24 2018, @10:42PM
Do you really think a greedy corporation would care enough to do this when it costs them an executive who they now have to spend money to find a replacement for? The only reason companies create these policies in the first place is because of sexual harassment laws.
The Government is a Bird