Intel is in search of a new CEO as Pat Gelsinger, who had been associated with the company for almost 40 years, retires.Interim co-CEOs, David Zinsner and Michelle Johnston Holthaus, have been announced to lead during the transition period.Gelsinger had served as Intel's CEO since February 2021 and played a crucial role in driving innovation and revitalizing process manufacturing.Intel will focus on strengthening its product portfolio and optimizing its operating expenses and capital under new leadership.