Intel CEO Brian Krzanich Resigns After Violating Company Policy -- Update
21 June 2018 - 11:53PM
Dow Jones News
By Austen Hufford
Intel Corp. Chief Executive Brian Krzanich resigned Thursday
after the company determined he violated company policy during a
past, consensual relationship with an Intel employee.
The company said that a continuing investigation by internal and
external counsel confirmed a violation of Intel's
"non-fraternization policy," which applies to all managers.
Intel said it accepted Mr. Krzanich's resignation as it expects
all employees to respect Intel's values and adhere to its code of
conduct.
The board said Chief Financial Officer Robert Swan would become
interim CEO effective immediately.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
June 21, 2018 09:38 ET (13:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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