Intel chief resigns over relationship with employee

Brian Krzanich

Intel's chief executive has resigned after the company discovered he was in a relationship with an employee.

The technology giant said that Brian Krzanich's consensual relationship was in violation of the company's non-fraternisation policy, which applies to all managers.

Chief financial officer Robert Swan will take over as interim CEO immediately and a search for a permanent replacement is under way.

Corporate America has been under intense pressure to enforce workplace policies on gender equality and sexual harassment.

Earlier this month, Guess co-founder Paul Marciano stepped down following a company investigation into allegations of sexual harassment and assault.

John Lasseter, co-founder of Pixar Animation Studios and Walt Disney's animation chief, also recently said he was resigning over what he called "missteps" with employees.

Mr Krzanich joined Intel in 1982 as an engineer and has been the firm's top executive since 2013.

His departure overshadowed otherwise positive news for the company which expects to post a per-share profit of 99 cents in the second quarter, 13 cents better than Wall Street was expecting, and revenue of 16.9 billion dollars, which is also better than had been projected by industry analysts.

More in this Section

Kingfisher starts hunt for new boss amid plans for more store closures

Mincon shares rise on 2018 earnings

Elevated household debt ‘not out of line’

Exporters to weather Brexit storm: Noonan


Lifestyle

Full disclosure: 'I told my kids I had cancer'

7 things to eat and drink to help beat disease – according to a Harvard-trained doctor

Want to up your at-home yoga game? 7 best buys to add to your wish list

Review: Anderson.Paak at the Olympia, Dublin

More From The Irish Examiner