Intel chief quits over violation

Source: Xinhua | 2018-06-22

INTEL Corp Chief Executive Brian Krzanich resigned yesterday after a company probe revealed that a consensual relationship he had with an employee violated company policy.

The head of the largest US chipmaker is the latest in a line of powerful men in business and politics to lose their jobs or resign over relationships viewed as inappropriate, a phenomenon highlighted by the #MeToo movement.

“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” Intel said in a statement.

The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including both internal and external candidates.

Intel declined to give any further information about the probe. Krzanich, 58, was named Intel CEO in May 2013, and moved its focus to growing data centers from personal computers.