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| Intel boss Brian Krzanich resigns over relationship | |
| (35 minutes later) | |
| Chipmaker Intel has announced that its chief executive, Brian Krzanich, is stepping down with immediate effect because of "a violation of Intel's non-fraternisation policy". | Chipmaker Intel has announced that its chief executive, Brian Krzanich, is stepping down with immediate effect because of "a violation of Intel's non-fraternisation policy". |
| He had been in the post since May 2013. | He had been in the post since May 2013. |
| Intel said an inquiry had revealed that Mr Krzanich had had a consensual relationship with an Intel employee, which was against company rules. | Intel said an inquiry had revealed that Mr Krzanich had had a consensual relationship with an Intel employee, which was against company rules. |
| His successor has been named as Robert Swan, currently the company's chief financial officer. | His successor has been named as Robert Swan, currently the company's chief financial officer. |
| The company said the relevant policy applied to all managers. | The company said the relevant policy applied to all managers. |
| "Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct, the board has accepted Mr Krzanich's resignation." | "Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct, the board has accepted Mr Krzanich's resignation." |