Intel announced that it has hired Micron Technology executive David Zinsner to fill the chief financial officer position left vacant by the resignation of George Davis.
Intel said on its website that newly appointed CFO David Zinsner has more than 20 years of financial and operational experience in the semiconductor and manufacturing industries, having served as executive vice president and CFO at Micron Technology.
Intel’s official website reveals that David Zinsner holds a bachelor’s degree in industrial management from Carnegie Mellon University and a master’s degree in business administration, finance, and accounting from Vanderbilt University. Upon joining Intel, David will be responsible for Intel’s global financial affairs, including finance, accounting, tax, audit, and investor relations, reporting to CEO Pat Kissinger.
Zinsner will report directly to Intel CEO Pat Gelsinger and oversee the company’s finances as Intel continues to try to regain its dominant position in the semiconductor industry.
Intel has confirmed that Davis is retiring, but he will continue in an advisory role until May to ensure a smooth transition. In a statement, Intel said Zinsner will begin his role as a chief financial officer on Jan. 17.
Zinsner has been with Micron for nearly four years, having previously worked in finance at other technology companies. Intel shares rose more than 3 percent to $56.90 per share in after-hours trading after the news was announced. Micron shares, meanwhile, fell 1.37 percent to $92.60.