Intel CEO Is Out, Why Board Relationships Matter

Bridging the CEO-Board Disconnect

Pat Gelsinger’s recent announcement of his retirement as Intel’s CEO amid the company’s ambitious turnaround strategy reflects a recurring challenge in corporate governance: the misalignment between CEOs and their boards. Just last month, a statement from Gelsinger indicated that he had “a lot of energy and passion” and the “support of the board”—now he’s stepped down. Something deeper was clearly at play.