David Zinsner and Michelle Johnston Holthaus, two senior executives at Intel, will assume the role of interim co-CEO while the board searches for the next leader.

“It has been an honor of a lifetime to lead Intel,” Gelsinger said in a statement. “This group of people are some of the best and brightest in the industry, and it is an honor to call each one a colleague. Today is of course bittersweet, as this company has defined the majority of my professional life.” Career.

“I am forever grateful to the many colleagues around the world with whom I have worked as part of the Intel family.”

Zinsner served as executive vice president and chief financial officer at Intel, while Holthaus held the newly created position of CEO of Intel Products.

“As a leader, Pat has helped launch and revitalize process manufacturing by investing in cutting-edge semiconductor manufacturing, while working tirelessly to drive innovation across the company,” said Intel Chairman Frank Yearly, who will serve as acting chairman during the Transition.

“While we have made significant progress in restoring manufacturing competitiveness and building the capabilities to become a world-class foundry, we know we still have work to do within the company and we are committed to restoring investor confidence. “