Following the revelation of a consensual relationship with an employee and the company become aware of the relationship, the chief executive of Intel - Brian Krzanich is set to resign.
The alleged relationship was made against the non-fraternization policy of the company, said Intel which is amongst the largest manufacturers of semiconductor chips in the world.
“Intel was recently informed that Mr Krzanich had a past consensual relationship with an Intel employee,” the company said in a statement.
“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternisation policy, which applies 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.”
Very little details of the relationship have been revealed by the company. Sources within the company have told the media that the relationship took place “some time back.”
The recent movement of #MeToo has had a profound on the American corporate world and Krzanich’s resignation is in line with the newly found spirit. The American corporate is under severe pressure for enforcement of policies at workplace that adhere to maintenance of gender equality and prevention of sexual harassment.
While there are a number of companies that disallows managers to get in to even consensual relationships with co-workers notwithstanding the position of the individuals within the company as being in direct managerial capacity over their partners, there are other companies that have not taken any solid standing on consensual relationships within their companies.
And similar to a number of tech firms, the employment profile at Intel is heavily weighted in favor of men. 73.5% of its total workforce was male, said the company in its 2017 diversity report. Gender and racial diversity is being attempted to be increased by the company, Intel has said.
58-year-old Krzanich had joined the company in 1982 and became the chief executive of the company by rising through technical and leadership ranks. He was lately steering the company from being a chip maker to a data services firm and he had been advocating strongly for the commercial drone industry.
This is the latest in a series of exits of CEOs from leading public companies following emergence of details of intra-employee relationships.
Such names include Christopher Kubasik, who was the CEO-in-waiting when he left Lockheed Martin in 2012, Steven Heyer, who resigned from Starwood Hotels in 2007 and Harry Stonecipher who had to resign as the CEO of Boeing in 2005.
The board of Intel announced the name of Robert Swan, the chief financial officer who had joined the company in 2016 from eBay, as the interim CEO effective immediately.
The company has also clarified that both internal and external candidates are being considered for a permanent replacement to the post of CEO.
(Source:www.theguardian.com)
The alleged relationship was made against the non-fraternization policy of the company, said Intel which is amongst the largest manufacturers of semiconductor chips in the world.
“Intel was recently informed that Mr Krzanich had a past consensual relationship with an Intel employee,” the company said in a statement.
“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternisation policy, which applies 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.”
Very little details of the relationship have been revealed by the company. Sources within the company have told the media that the relationship took place “some time back.”
The recent movement of #MeToo has had a profound on the American corporate world and Krzanich’s resignation is in line with the newly found spirit. The American corporate is under severe pressure for enforcement of policies at workplace that adhere to maintenance of gender equality and prevention of sexual harassment.
While there are a number of companies that disallows managers to get in to even consensual relationships with co-workers notwithstanding the position of the individuals within the company as being in direct managerial capacity over their partners, there are other companies that have not taken any solid standing on consensual relationships within their companies.
And similar to a number of tech firms, the employment profile at Intel is heavily weighted in favor of men. 73.5% of its total workforce was male, said the company in its 2017 diversity report. Gender and racial diversity is being attempted to be increased by the company, Intel has said.
58-year-old Krzanich had joined the company in 1982 and became the chief executive of the company by rising through technical and leadership ranks. He was lately steering the company from being a chip maker to a data services firm and he had been advocating strongly for the commercial drone industry.
This is the latest in a series of exits of CEOs from leading public companies following emergence of details of intra-employee relationships.
Such names include Christopher Kubasik, who was the CEO-in-waiting when he left Lockheed Martin in 2012, Steven Heyer, who resigned from Starwood Hotels in 2007 and Harry Stonecipher who had to resign as the CEO of Boeing in 2005.
The board of Intel announced the name of Robert Swan, the chief financial officer who had joined the company in 2016 from eBay, as the interim CEO effective immediately.
The company has also clarified that both internal and external candidates are being considered for a permanent replacement to the post of CEO.
(Source:www.theguardian.com)
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