Intel's CEO Brian Krzanich Resigns as Investigation found that he violated the Company's Non-Fraternization Policy
Intel Corporation today announced the resignation of Brian Krzanich as CEO and a member of the board of directors. The board has named Chief Financial Officer Robert Swan interim chief executive officer, effective immediately.
Robert (Bob) H. Swan was named interim chief executive officer of Intel Corporation on June 21, 2018. Swan has been an executive vice president and chief financial officer (CFO) at Intel Corporation since October 2016. He oversees Intel's global finance organization, including finance, accounting and reporting, tax, treasury, internal audit, and investor relations; Information Technology; and the company's Corporate Strategy Office.
Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee. An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers.
Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct, the board has accepted Mr. Krzanich's resignation.
Intel Chairman Andy Bryant: "The board believes strongly in Intel's strategy and we are confident in Bob Swan's ability to lead the company as we conduct a robust search for our next CEO. Bob has been instrumental to the development and execution of Intel's strategy, and we know the company will continue to smoothly execute. We appreciate Brian's many contributions to Intel."
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