Intel CEO Brian Krzanich resigned over policy violation

Intel CEO Brian Krzanich
Intel CEO Brian Krzanich has resigned after an internal and external investigation found that he violated Intel’s non-fraternization policy.

The chipset company said Brian Krzanich had a consensual relationship with an Intel employee. Intel did not reveal the name of the employee.

“An ongoing investigation by internal and external counsel confirmed a violation of Intel’s non-fraternization policy, which applies to all managers. Given the expectation that all employees will respect Intel’s values and adhere to the company’s code of conduct, the board has accepted Krzanich’s resignation,” Intel said.

Intel chief financial officer Robert Swan will be the interim chief executive officer. Intel will be announcing a new CEO soon.

Intel, which will announce the second-quarter earnings on July 26, said it expects to deliver a record second quarter, with revenues of approximately $16.9 billion and non-GAAP EPS of approximately $0.99.

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