Intel confirms Bob Swan as CEO
Former CFO to officially take lead at chip maker after seven months as interim CEO
Intel Corporation has confirmed Robert Swan as chief executive officer, after serving as interim CEO for the past seven months.
CFO since 2016, Swan has also been elected to the company's board of directors.
“This is an exciting time for Intel: 2018 was an outstanding year and we are in the midst of transforming the company to pursue our biggest market opportunity ever. I'm honoured to have the chance to continue working alongside our board, our leadership team, and our more than 107,000 superb employees as we take the company forward," Swan said.
In his role as CFO, Swan led Intel's global finance, mergers and acquisitions, investor relations, IT and corporate strategy organisations. He has previously held C-level and senior financial positions at General Atlantic, eBay, Electronic Data Systems, TRW, Webvan and General Electric.
Andy Bryant, chairman of Intel, commented, "As Intel continues to transform its business to capture more of a large and expanding opportunity that includes the data centre, artificial intelligence and autonomous driving, while continuing to get value from the PC business, the board concluded after a thorough search that Bob is the right leader to drive Intel into its next era of growth.
Todd Underwood, vice president of Finance and director of Intel's Corporate Planning and Reporting, will assume the role of interim chief financial officer as the company undertakes an internal and external search for a permanent CFO.