In a recent report, Intel has confirmed today that the company’s CEO Brian Krzanich has resigned effective immediately. The move comes after an ongoing investigation by internal and external counsel confirmed that he violated Intel’s non-fraternization policy which applies to all managers.
In a statement confirming the news, the company stated that Intel was recently informed that Krzanich had a past consensual relationship with an Intel employee and following the conclusion of an investigation by internal and external counsel, he was proven guilty for violating the company’s policy.
His immediate resignation is meant to show that “all employees will respect Intel’s values and adhere to the company’s code of conduct,” Intel adds. Intel CFO Robert Swan has been given the additional charge of interim CEO. As the interim CEO, Swam will be managing operations in close collaboration with Intel’s senior leadership team. As the company embarks on the search for a permanent CEO, it will retain a leading executive search firm to assist in the process.
Krzanich had been with Intel for decades, he first joined Intel back in 1982 and was appointed the company’s CEO in May 2013.