Intel CEO out after consensual relationship with employee
By Associated Press
Jun 21, 2018 8:43 AM CDT
FILE- In this March 13, 2017, file photo, Intel CEO Brian Krzanich is interviewed on the floor of the New York Stock Exchange. Krzanich is resigning after the company learned of a consensual relationship that he had with an employee. Intel said Thursday, June 21, 2018, that the relationship was in violation...   (Associated Press)

NEW YORK (AP) — Intel CEO Brian Krzanich is resigning after the company learned of what it's calling a consensual relationship with an employee.

Intel said Thursday that the relationship was in violation of the company's non-fraternization policy, which applies to all managers.

Chief Financial Officer Robert Swan will take over as interim CEO immediately. A search for a new CEO is underway.

In this #MeToo era, corporate America is under intense pressure to enforce workplace policies on gender equality and sexual harassment. Krzanich is the latest CEO to resign over misconduct or sexual harassment.

Earlier this month, Guess Inc. co-founder Paul Marciano stepped down following a company investigation into allegations of sexual harassment and assault.

Krzanich joined Intel Corp. in 1982 as an engineer.

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