Intel's leadership has had a rapid overhaul in the last 24 hours, with CEO Brian Krzanich resigning after violating Intel's non-fraternisation policy.
Intel conducted an investigation into the matter after they were informed that Krzanich, who is married with two children, had a "past consensual relationship with an Intel employee".
"An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternisation policy, which applies to all managers," a release from Intel said. "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."
Robert Swan, Intel's chief financial officer, was appointed as interim CEO. Intel will conduct a search for a new CEO, however, similar to the internal and external search that elevated Krzanich to the job.
Krzanich has been with Intel since 1982, having started at Intel's New Mexico plant and rising to chief operating officer in 2012. He replaced Paul Otellini as CEO in 2013 after the latter opted to retire.