Stories
Slash Boxes
Comments

SoylentNews is people

posted by chromas on Thursday June 21 2018, @04:01PM   Printer-friendly
from the what-color-is-his-parachute? dept.

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.

Also at c|net and Intel.

How will this affect Intel's competitive efforts with respect to AMD, ARM, and Nvidia?


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 1, Funny) by Anonymous Coward on Thursday June 21 2018, @05:02PM

    by Anonymous Coward on Thursday June 21 2018, @05:02PM (#696291)

    This is the type of insightful, well thought out, comment I expect on soilednews. Obviously a lot of thought put into it.

    Starting Score:    0  points
    Moderation   +1  
       Funny=1, Total=1
    Extra 'Funny' Modifier   0  

    Total Score:   1