Intel CEO Pat Gelsinger retires; Holthaus and Zinsner named interim co-CEOs

INTEL CORP

Gelsinger retired Dec 1; severance: 18-mo salary ($1.25M) + 1.5x target bonus (275% base) + pro-rata 2024 bonus.
Holthaus and CFO Zinsner named interim co-CEOs; Holthaus also CEO of Intel Products (CCG, DCAI, NEX).
Frank Yeary named interim Executive Chair; board forms CEO Search Committee.
Gelsinger also resigned from Mobileye Global board effective immediately.

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