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.

This breaking news story is developing, please refresh for more information.

Via: CNBC

Source: Intel



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