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Intel CEO Pat Gelsinger has resigned from VMware’s Board of Directors effective immediately. Two months ago, Gelsinger had quit the position of VMware’s CEO and became the Intel CEO.
VMware had said in a statement that it was Gelsinger’s “personal decision,” “given the demands of his new position as CEO of Intel.”
The company said, “We are grateful for his many years of service on the Board and his tenure as CEO of VMware.”
Gelsinger’s decision is also understandable, considering that VMware is facing a major transformation when Dell Technologies splits off its 81 percent equity stake in the company to function as a separate entity. Last week, Dell announced this change, and the move will undoubtedly complicate Gelsinger’s work on the VMware Board of Directors.
In January, Gelsinger was elected Intel’s eighth CEO, ending his almost nine-year stint as CEO of VMware in mid-February when he joined the chipmaker. Gelsinger, who spent 30 years at Intel, was also elected to the Board of directors. When he joined Intel, it was said that Gelsinger would remain on VMware’s Board of directors. But now, after two months, he has stepped down from the Board.
In his first earnings call as Intel’s CEO, Gelsinger described 2021 as a “pivotal year,” as the company implements its latest IDM 2.0 hybrid manufacturing plan to counter growing competition from AMD and Nvidia, as well as companies transitioning to alternative chip architectures like Arm.
“Intel is back,” Gelsinger said. “We’re firing on all cylinders. Our best days are ahead of us. We’re investing in the future. We’re executing. And we’re just getting started.”
VMware has yet to name Gelsinger’s successor on its Board of Directors, though Zane Roe has already taken over as interim CEO.