Intel's Krzanich's bad year gets worse, steps down as CEO

News by Doug Olenick

Intel CEO Brian Krzanich stepped down from his role today after it became known that he had a past consensual relationship with another Intel employee, violating the company's code of conduct and non-fraternisation policy.

Intel CEO Brian Krzanich stepped down from his role today after it became known that he had a past consensual relationship with another Intel employee, violating the company's code of conduct and non-fraternisation policy.

Chief Financial Officer Robert Swan will serve as interim CEO.

This is not Krzanich's first controversy this year. In January it was revealed he sold US$ 39 million (£29 million) worth of Intel stock on 29 November, 2017, many months after the 1 June revelation that the company's family of processors were susceptible to the Spectre/Meltdown vulnerabilities, but before the flaws became publicly known on 5 January, 2018.

Executives at Equifax, which suffered a massive breach that exposed 145.5 million consumer records in 2017, were also accused of dumping their stock in the days leading up to the breach being made public.

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