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Bloomberg
The former chief executive officer of Intel Corp who was ousted over an inappropriate relationship with an employee has accepted a marginal pay cut to join CDK Global Inc, a much smaller company that provides software to the auto industry.
Brian Krzanich was named CEO and a member of the board. He’ll succeed Brian MacDonald, who had been leading CDK since 2016 and will leave company after assisting with transition.
While CDK is far smaller than Intel — its latest fiscal year revenue of about $2 billion was less than 4 percent of the chipmaker’s 2017 total — Krzanich’s compensation won’t differ dramatically. His annual target pay will be about $15 million in salary, bonus and long-term incentive tied to goals, compared with a target of about $18.5 million for his last full year at Intel.