After conducting investigation, Intel announced that CEO Brian Krzanich has resigned from the tech company after having a consensual relationship with an employee in the past, violating its non-fraternization policy.
As reported by Techspot.com, An investigation conducted by internal and external counsel confirmed that Krzanich had a relationship with an unidentified employee which took place “some time back”.
Intel stated: “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.”
Krzanich has since been replaced by Chief Financial Officer Robert Swan as its interim chief executive while the company searches for its permanent CEO.
According to Intel Chairman Andy Bryant, the board is confident with Swan, taking over the position after conducting their robust research.
Swan has been the company’s CFO since October 2016, leading the lobal finance, IT and corporate strategy organizations.
Krzanich who had been with the company since 1982 was Intel’s CEO since May 2013.
(Photo source: indianexpress.com/ tech2.org)
