Admittedly, people in such positions retire from time to time – and the Bangladeshi businessman is not leaving the company completely and will remain as an independent director – but the timing of the move raises question marks: the announcement was published only three days before the publication of the company’s report for the last quarter of 2022, at midnight between Thursday and Friday according to Israel time, where analysts expect it to report revenues of $14.5 billion – a 5% drop compared to the previous quarter and a 30% drop compared to the corresponding quarter in 2021.
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The CEO of Intel, Patrick (“Pat”) Gelsinger, admitted that Ishrak was the main person responsible for his appointment to the position, after he left the position of Intel’s VP of Technology in 2009, and three years later was appointed CEO of VMware, until he was returned to Intel in the position The CEO 23 months ago.