INTC Intel Corporation

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

The company said that an ongoing 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.

(More to Come)

(END) Dow Jones Newswires

June 21, 2018 09:32 ET (13:32 GMT)

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