Architecture, Network security

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

June 21, 2018

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-fraternization 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 $39 million worth of Intel stock on Nov. 29, 2017, many months after the June 1 revelation that the company's family of processors were susceptible to the Spectre/Meltdown vulnerabilities, but before the flaws became publicly known on Jan. 5, 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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