Intel has appointed Robert (Bob) Swan as a new CEO of the company.
Swan, 58, who has been serving as Intel’s interim CEO for seven months and as chief financial officer 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 chief financial officer as the company undertakes an internal and external search for a permanent CFO.
Swan is a proven leader with a strong track record of success both within and outside Intel. As interim CEO, Swan has managed the company’s operations in close collaboration with Intel’s senior leadership team. Swan has been Intel’s CFO since October 2016. In this role, he led the global finance, mergers and acquisitions, investor relations, IT and corporate strategy organizations.
Prior to joining Intel, Swan served as an operating partner at General Atlantic and served on Applied Materials’ board of directors. He previously spent nine years as CFO of eBay where he is currently a director. Earlier in his career, he was CFO of Electronic Data Systems and TRW. He also served as CFO, COO and CEO of Webvan Group, and began his career at General Electric, serving for 15 years in several senior finance roles.
Andy Bryant, Chairman, Intel
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.
Robert Bob Swan, CEO, Intel
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.
