BREAKING: Intel CEO Resigns Over Relationship With Employee That Was “Consensual”

It appears that Intel is having a #MeToo moment.

Intel has put out a press release in the last hour saying that CEO Brian Krzanich has resigned after it came to light that he had a “consensual” relationship with an employee:

Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee. An ongoing investigation by internal and external counsel has 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 Mr. Krzanich’s resignation.

Now taking over on an interim basis as CEO is Robert Swan who was the CFO.

The first thing that I thought of when this came to my attention was the Mark Hurd gong show that went down while he was at HP. Though he did eventually resurface at Oracle. I guess a similar reinvention is what Krzanich is hoping for. But in the here and now, Krzanich is dealing with optics that don’t look too good.

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