Intel CEO Pat Gelsinger breaks silence after being forced out by the company board

Pat Gelsinger has stepped down as the CEO of Intel Corporation effective December 1, just under four years after taking the top job. Mr Gelsinger, 63, was reportedly given the option to voluntarily retire or be removed by the company's board. After careful consideration, he chose to retire.

In a post on LinkedIn, Mr Gelsinger wrote, “Leading Intel Corporation has been the honour of my lifetime. I am forever grateful for the many colleagues around the world who I have worked with as part of the Intel family and can look back with pride at all that we have accomplished together. Thank you all!”

Pat Gelsinger described his departure from Intel as “bittersweet”, acknowledging the company had been central to his career for much of his life. “This company has been my life for the bulk of my working career,” Mr Gelsinger said in a company statement. “I can look back with pride at all that we have accomplished together.”