Intel Stock Pops After CEO Gelsinger Retires. Shares Have Fallen 61% During His Tenure. -- Barrons.com-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

Intel Stock Pops After CEO Gelsinger Retires. Shares Have Fallen 61% During His Tenure. -- Barrons.com

Dow Jones12-02

By Emily Dattilo

Intel CEO Pat Gelsinger retired from the chip maker and stepped down from the board, effective Dec. 1, the company announced Monday.

Intel has named two senior leaders, David Zinsner and Michelle Johnston Holthaus, as interim co-chief executive officers while the board begins a search for a new CEO. Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to CEO of Intel Products.

Frank Yeary, independent chair of the board, will become interim executive chair during the period of transition.

"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence," Yeary said in a statement.

Gelsinger joined Intel as CEO on Feb. 15, 2021, and from the closing price of the Friday prior to that and through this past Friday's close, shares have tumbled about 61%, according to Dow Jones Market Data.

A leadership refresh seems to be resonating well with investors, as shares edged 1.9% higher to $24.54 on Monday.

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 02, 2024 09:49 ET (14:49 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2488030672?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-02 22:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2488030672","market":"hk","top_or_hot":-1,"title":"Intel Stock Pops After CEO Gelsinger Retires. Shares Have Fallen 61% During His Tenure. -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Emily Dattilo \n</p>\n<p>\n  Intel CEO Pat Gelsinger retired from the chip maker and stepped down from the board, effective Dec. 1, the company announced Monday. \n</p>\n<p>\n     Intel has named two senior leaders, David Zinsner and Michelle Johnston Holthaus, as interim co-chief executive officers while the board begins a search for a new CEO. Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to CEO of Intel Products. \n</p>\n<p>\n     Frank Yeary, independent chair of the board, will become interim executive chair during the period of transition. \n</p>\n<p>\n     \"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence,\" Yeary said in a statement. \n</p>\n<p>\n     Gelsinger joined Intel as CEO on Feb. 15, 2021, and from the closing price of the Friday prior to that and through this past Friday's close, shares have tumbled about 61%, according to Dow Jones Market Data. \n</p>\n<p>\n     A leadership refresh seems to be resonating well with investors, as shares edged 1.9% higher to $24.54 on Monday. \n</p>\n<p>\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 02, 2024 09:49 ET (14:49 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Stock Pops After CEO Gelsinger Retires. Shares Have Fallen 61% During His Tenure. -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Stock Pops After CEO Gelsinger Retires. Shares Have Fallen 61% During His Tenure. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-02 22:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Emily Dattilo \n\n\n  Intel CEO Pat Gelsinger retired from the chip maker and stepped down from the board, effective Dec. 1, the company announced Monday. \n\n\n     Intel has named two senior leaders, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4512","symbol_name":"苹果概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488030672","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488030672","pubTimestamp":1733150940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Intel CEO Pat Gelsinger retired from the chip maker and stepped down from the board, effective Dec. 1, the company announced Monday.Intel has named two senior leaders, David Zinsner and Michelle Johnston Holthaus, as interim co-chief executive officers while the board begins a search for a new CEO. Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to CEO of Intel Products.Frank Yeary, independent chair of the board, will become interim executive chair during the period of transition.\"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence,\" Yeary said in a statement.Gelsinger joined Intel as CEO on Feb. 15, 2021, and from the closing price of the Friday prior to that and through this past Friday's close, shares have tumbled about 61%, according to D","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4512":"苹果概念","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4141":"半导体产品","BK4585":"ETF&股票定投概念","BK4575":"芯片概念","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4535":"淡马锡持仓","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4529":"IDC概念","INTC":"英特尔","BK4579":"人工智能"},"translate_title":"首席执行官基辛格退休后，英特尔股价上涨。在他任职期间，股价下跌了61%。——Barrons.com","themeId":"822d5a57be8bbf54f6a2272139c01e17","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":1},"content_text":"By Emily Dattilo \n\n\n  Intel CEO Pat Gelsinger retired from the chip maker and stepped down from the board, effective Dec. 1, the company announced Monday. \n\n\n     Intel has named two senior leaders, David Zinsner and Michelle Johnston Holthaus, as interim co-chief executive officers while the board begins a search for a new CEO. Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to CEO of Intel Products. \n\n\n     Frank Yeary, independent chair of the board, will become interim executive chair during the period of transition. \n\n\n     \"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence,\" Yeary said in a statement. \n\n\n     Gelsinger joined Intel as CEO on Feb. 15, 2021, and from the closing price of the Friday prior to that and through this past Friday's close, shares have tumbled about 61%, according to Dow Jones Market Data. \n\n\n     A leadership refresh seems to be resonating well with investors, as shares edged 1.9% higher to $24.54 on Monday. \n\n\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 02, 2024 09:49 ET (14:49 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}