Robert (Bob) Swan Named Intels CEO

Intel today announced that its board of directors has chosen Robert (Bob) Swan as chief executive officer (CEO). Swan, 58, has been serving as Intels interim CEO for seven months and as chief financial officer since 2016. Swan joined Intel in 2016 from General Atlantic LLC, a global growth equity investment firm, where he served as an operating partner working closely with the firms global portfolio companies on growth objectives. Before joining General Atlantic in 2015, Swan spent nine years as CFO of eBay Inc. Earlier in his career, he served as CFO of Electronic Data Systems Corp. and TRW Inc., and as CFO, COO and CEO of Webvan Group Inc. He began his career at General Electric, holding several senior finance roles during his 15-year tenure.

In my role as interim CEO, Ive developed an even deeper understanding of Intels opportunities and challenges, our people and our customers, Swan said. When I was first named interim CEO, I was immediately focused on running the company and working with our customers. When the board approached me to take on the role permanently, I jumped at the chance to lead this special company. 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. Im honored 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.

In an open e-mail to employees, Swan said that Intel will continue to evolve “from a PC-centric to a data-centric company that builds the technology foundation powering the worlds innovations” and that the company “must be bold and fearless.” Swan becomes the seventh CEO in Intels 50-year history and we wish him all the best!