Intel Gains After Recruiting Micron’s David Zinsner as Its Next CFO
- Shares gain after chipmaker announces Davis’s replacement
- Intel also promotes its head of sales to run client computing
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Intel Corp. rallied Monday after tapping Micron Technology Inc. Chief Financial Officer David Zinsner to fill the CFO role vacated by the retirement of George Davis.
Zinsner starts the job on Jan. 17, the chipmaker said in a statement. Intel had already announced the retirement of Davis, who will stay on in an advisory role until May. The 53-year-old Zinsner will report to Intel Chief Executive Officer Pat Gelsinger and oversee the company’s finances as it tries to regain its once-dominant hold on the semiconductor industry.