Intel faces leadership challenges as data center chief departs for Nokia
fool.com — February 15, 2025, 03:00 PM UTC
Intel is facing increased leadership challenges after Justin Hotard, head of its data center and AI segment, announced he will join Nokia as CEO on April 1. His departure follows the ousting of CEO Pat Gelsinger two months ago. Intel has appointed Karin Eibschitz Segal as interim head of the data center and AI unit. The company is struggling to find a permanent CEO, which complicates its efforts to recover from declining revenues in a competitive market. Despite these setbacks, Intel's stock rose following news of a partnership between its subsidiary Mobileye and Lyft for robotaxis in 2026. However, the company continues to face difficulties, with a 7% revenue decline in the last quarter.