Robert Swan is Intel's New CEO

Credit: IntelCredit: Intel


Intel has named Robert Swan as its permanent CEO after a seven month search. He will serve as the company's seventh chief executive. Additionally, he has been elected to the board of director. 

Swan has served as CFO since 2016 and served as interim CEO during the search for a permanent leader. Swan had been adamant that he didn't want the job. He stepped into the interim role after former CEO Brian Krzanich resigned over a relationship with an employee, which violated company policy. 

There was rampant speculation that Intel might name a CEO during its earnings call last week, but that didn't happen. At the time, Swan said on the call that the company was still searching for the right candidate, and that "I am convinced the board will close on a new CEO in the near future. In the meantime, we will not be distracted by the void."

Investors and enthusiasts will have a close eye on Swan, who will need to steer the company through supply issues and problems it has had with its 10 nanometer process. 

Todd Underwood, Vice president of finance and director of Intel's corporate planning and reporting, will keep Swan's old seat warm as interim CFO, while the company begins a search to fill that position.  



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13 comments
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  • arifbudiman20021993
    Taaaiik kaliaan. Terseraah mu. Kerja mu bagus. Tapi nggk sprti hati mu. Aku sudah nuerah. Kau mau jadi apa silahka . Caprek kali aku dh
  • shmoochie
    "In December 2018, it was reported that he was the only Intel insider buying stock since 2010." https://www.barrons.com/articles/intel-stock-ceo-bob-swan-buys-1544046398

    This makes me think that he is confident in his ability to fix the supply issue in 2019, which is exactly what they have reported.
  • JamesSneed
    Now Intel stock is headed down. I guess we know what the market thinks about swan.