Intel Corp. is making a change at the top with Chief Executive Pat Gelsinger out after less than four years. The company announced Monday morning that Gelsinger has retired from Intel and stepped down from its board of directors,

Pat Gelsinger has stepped down as Intel CEO after three years leading the company. Two senior executives, David Zinsner and Michelle Johnston Holthaus, will serve as Intel’s interim co-CEOs during the search for a new CEO.

With Gelsinger out, Intel’s chief financial officer, David Zinsner, and Intel Products CEO, Michelle Johnston Holthaus, will temporarily serve as co-CEOs while the board searches for a new leader. Frank Yeary, an independent chair on Intel’s board, will take on the role of interim executive chair.

Computer chip maker Intel announced the retirement of chief executive Pat Gelsinger on Monday, raising new questions about the company’s future even as the United States is set to give it billions of dollars to build up the country’s ability to manufacture chips at home.

Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Frank Yeary will serve as interim executive chair.

David Zinsner and Michelle Johnston Holthaus were named interim co-leaders after the boomerang executive, who returned to the company in 2021, left the top job.

Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger,

Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement.