Intel Names Robert Swan CEO
Intel announced that its board of directors has named Robert (Bob) Swan as CEO. Swan, 58, who has been serving as interim CEO for seven months and as CFO since 2016, is the seventh CEO in Intel’s 50-year history. Swan has also been elected to Intel’s board of directors. Todd Underwood, vice president of Finance and director of Intel’s Corporate Planning and Reporting, will assume the role of interim CFO.
“As Intel continues to transform its business, the board concluded after a thorough search that Bob is the right leader to drive Intel into its next era of growth,” said Chairman Andy Bryant. “The search committee conducted a comprehensive evaluation of a wide range of internal and external candidates to identify the right leader at this critical juncture in Intel’s evolution. We considered many outstanding executives and we concluded the best choice is Bob.”
“In my role as interim CEO, I’ve developed an even deeper understanding of Intel’s 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. I’m 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.”