Intel today announced the resignation of CEO Brian Krzanich, citing a violation of company policy. Chief Financial Officer Bob Swan will take over as interim CEO while the company searches for its next CEO.
Krzanich's resignation was effective immediately. Krzanich also resigned from his position on Intel's board of directors. The company appears to have a zero-tolerance policy for code of conduct violations, and Krzanich, according to a company press release:
Intel was recently informed that Mr. Krzanich had a consensual relationship with an Intel employee. An ongoing investigation by internal and external advisors confirmed a violation of Intel's policy in the code of conduct, which applies to all administrators. Given our expectation that all employees will respect Intel's values and comply with the company's code of conduct, the board of directors accepted Mr. Krzanich's resignation.
Intel is still recovering from the damage caused by the Meltdown and Spectre security flaws. Such a scandal, which has been kept internal until now, could spell trouble for shareholders if they learned about it from the media.
Have we ever heard of anything like this in Greece or do these only happen outside of here?
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