Intel CEO Krzanich Resigns After Relationship With Employee
- CFO Robert Swan replaces Krzanich on an interim basis
- Company also raised second quarter revenue and EPS guidance
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Intel Corp. removed Brian Krzanich as chief executive officer after the chipmaker learned he had a consensual relationship with an employee, a violation of the company’s policies.
Chief Financial Officer Robert Swan was made interim CEO while the board searches for a permanent replacement, the company said in a statement Thursday. Krzanich is the latest in a string of CEOs forced out for having an inappropriate relationship. Lululemon Athletica Inc. and Priceline Group Inc. both had to replace their leaders for similar reasons.