Perlmutter Exits Intel After Losing Out to Krzanich and 2 More Heavily Traded Stocks to Follow
Intel Corp. (NASDAQ:INTC): Current price $23.72
In a Wednesday filing, Intel announced that the senior executive David Perlmutter, who developed tech that was crucial to the success of laptop PCs, is exiting after 34 years at the company. Intel’s board passed Perlmutter by for the job of chief executive officer earlier in May, and now the filing indicated that he will leave in February to pursue other opportunities. When Krzanich was appointed, Perlmutter was sidelined after the former rapidly reorganized the chipmaker’s main product groups.