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Intel CEO Pat Gelsinger retires from struggling chipmaker

Reuters12-02

UPDATE 1-Intel CEO Pat Gelsinger retires from struggling chipmaker

Adds details in paragraph 2, shares in paragraph 3

Dec 2 (Reuters) - Chipmaker Intel INTC.O said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1.

The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.

Shares of the company rose nearly 3% in premarket trading.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

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