Intel Jumps 3% on Appointment of New CFO
January 11 2022 - 03:57AM
TipRanks
Chipmaker Intel Corporation (NASDAQ: INTC) has revealed
the appointment of David Zinsner as the company’s EVP and
Chief Financial Officer (CFO), effective January 17, 2022. Notably,
with over 20 years of financial and operational experience in
semiconductors and manufacturing, Zinsner most recently
served as an EVP and CFO at Micron Technology, Inc. (MU).
Following the news, shares of the world's largest semiconductor
chip manufacturer by revenue rose 3% in the extended trading
session after closing 3.3% higher on Monday. Current CFO
George Davis will retire from Intel in May 2022 and will serve as
an advisor until then to ensure a smooth transition.
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