Intel CEO resigns over ‘relationship’ with employee

Intel CEO and board member Brian Krzanich will step down from his role at the company, effective immediately. In a statement, Intel said that it had been recently informed of a "past consensual relationship" with a company employee. After an investigation by both internal and external counsel, officials have confirmed that the relationship violated Intel's non-fraternization policy.

In the wake of Krzanich's departure, current CFO Robert Swan will assume the role of Interim CEO while the board looks for a longer term replacement. The company says that the departure will not damage its long-term outlook, and that it has a "robust succession planning process in place." It added that it has full faith in Bob Swan's ability to lead the company through the transition.

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Via: CNBC

Source: Intel

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