Former Intel CEO Brian Krzanich. Source: IntelIntel Corp. announced that Brian Krzanich has resigned as CEO and a member of the board of directors effective immediately, after the company was informed about a past consensual relationship with an Intel employee.
Intel said an ongoing investigation by internal and external counsel confirmed the 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 said in a statement on the situation.
As a result of the resignation, the Intel Board of Directors appoints Robert Swan, current Intel CFO, as interim CEO and has begun a search for a permanent CEO, including both internal and external candidates.
Krzanich was named Intel CEO and elected to the board in May of 2013 and led the company’s transformation from a company focused mainly on microprocessors to a data-centric company focusing on a variety of different markets including the internet of things, autonomous driving, virtual reality, mobile connectivity and more.
