Intel CEO resigns over relationship with employee

NEW YORK: Intel chief executive officer (CEO) Brian Krzanich resigned over a “past consensual relationship” with an employee that violated a company non-fraternization policy, the technology company announced on Thursday.

“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,” the company said.

A spokesman for the company, a leader in data storage, declined to provide additional details about the employee involved, citing privacy concerns.

Chief financial officer Bob Swan will serve as interim chief executive while the company searches for a replacement.