INTC Intel Corporation

By Austen Hufford 

Intel Corp. Chief Executive Brian Krzanich resigned Thursday after the company determined he violated company policy during a past, consensual relationship with an Intel employee.

The company said that a continuing investigation by internal and external counsel confirmed a violation of Intel's "non-fraternization policy," which applies to all managers.

Intel said it accepted Mr. Krzanich's resignation as it expects all employees to respect Intel's values and adhere to its code of conduct.

The board said Chief Financial Officer Robert Swan would become interim CEO effective immediately.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

June 21, 2018 09:38 ET (13:38 GMT)

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