UPDATE 1-Intel CEO resigns after probe into relationship with employee [Reuters]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Reuters
Intel CEO resigns after probe into relationship with employee | Reuters Reuters Staff 2 Min Read (Reuters) - Intel Corp ( INTC.O ) on Thursday said Chief Executive Officer Brian Krzanich has resigned, effective immediately, after a probe revealed that a past consensual relationship with an Intel employee violated company policy. “An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” the company said in a statement. The board named Chief Financial Officer Robert Swan as interim chief executive officer. Krzanich had been in the role since May 2013. Intel said its board has begun a search for a permanent CEO, including both internal and external candidates, and will hire a an executive search firm to assist in the process. The company also forecast better-than-expected second quarter revenue and profit. Shares of the company rose 2.1 percent to $54.59 in premarket trading. Intel said it
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