Intel CEO quits after work relationship revealed

The CEO of Intel has resigned after a relationship that he had with an employee came to light.

Brian Krzanich’s relationship, which the company says was “past” and “consensual”, violated the firm’s non-fraternization policy, the Guardian reports.

“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,” Intel said in a statement. The board said Chief Financial Officer Robert Swan would become interim CEO, effective immediately.

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Krzanich is just the latest CEO to join the list of those who have fallen foul of such policies. Others include Harry Stonecipher, who left as CEO of Boeing in 2005; Steven Heyer, who left Starwood Hotels in 2007; and Christopher Kubasik, who was the CEO-in-waiting when he left Lockheed Martin in 2012.