Leadership Changes at Mobileye Global and Intel

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Leadership Changes at Mobileye Global and Intel

//stocks-investing.news-articles.net/content/202 .. ership-changes-at-mobileye-global-and-intel.html

Published in Stocks and Investing on Tuesday, December 3rd 2024 at 14:31 GMT by Thomas Matters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Patrick P. Gelsinger has retired from Mobileye Global Inc.'s board as he steps down as Intel's CEO, with no disputes causing his departure. Meanwhile, Frank D. Yeary takes on the interim role of Intel's executive chair, temporarily leaving his position on Mobileye's Audit Committee, with a successor yet to be named.

The article from Business Insider discusses significant leadership changes at Mobileye Global and its parent company, Intel. Mobileye, an autonomous driving technology company, announced that its CEO, Amnon Shashua, will transition from his role to focus on his position as President and CEO of Intel's Autonomous Driving Group. This move comes as part of Intel's broader strategy to streamline its operations and focus on high-growth areas like autonomous driving technology. Additionally, Intel has appointed a new CEO for Mobileye, aiming to leverage the company's advancements in AI and machine learning for automotive applications. These changes are part of Intel's ongoing efforts to adapt to the rapidly evolving tech landscape and maintain its competitive edge in emerging markets.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/leadership-changes-at-mobileye-global-and-intel-1034088983 ]

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