INSUBCONTINENT EXCLUSIVE:
executive Brian Krzanich has resigned over a "past consensual relationship" with an employee that violated a company non-fraternization
policy, the technology company announced Thursday.Chief Financial Officer Bob Swan will serve as interim chief executive while the company
both internally and externally for candidates
The company has also retained an executive search firm to help locate candidates."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," said Intel Chairman Andy Bryant
second-quarter revenue of about $16.9 billion and earnings of 99 cents per share
Both were well above analyst expectations."Intel's transformation to a data-centric company is well under way and our team is producing
great products, excellent growth and outstanding financial results," Swan said
"I look forward to Intel continuing to win in the marketplace."Intel's revenues in 2017 were $62.8 billion and it had 102,700 employees at
the end of the year.A Dow member, Intel rose 2.2 percent to $54.64 in pre-market trading.(Except for the headline, this story has not been
edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
