Intel CEO resigns after relationship with employee

Intel chief executive Brian Krzanich is stepping down after the chipmaker learned he had a “past consensual relationship” with an employee.

The relationship violates Intel’s non-fraternization policy, which applies to all managers, the company said. Krzanich is also leaving his role on the company’s board of directors. 

Chief Financial Officer Robert Swan was named interim chief executive officer, effective immediately.

“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,” the company said in a statement

Krzanich, 58, served as Intel’s CEO since 2013. He joined joined Intel in 1982 as an engineer.

— The Associated Press contributed to this report

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