Intel appoints financial director Robert Swan as ceo

Jan

31

2019

Intel has appointed its financial director Robert Swan as the new ceo. The CFO observed all the tasks of the CEO Brian Krzanich, who had left last year, but has now been appointed as director.

With his appointment , Robert ‘Bob’ Swan is the seventh CEO in Intel’s 50th anniversary. He also sits on the board of directors of the chip company. Swan actually continues his work: he has been the interim CEO at Intel for seven months.

He got that position in June last year, when the then CEO of Intel, Brian Krzanich, had to leave the field, because he had an extra-marital relationship with a female employee of the company. According to Intel’s rules, that was forbidden. Up until that time, Swan was financial director at Intel since October 2016. Before that he was among others cfo at eBay.

By moving Swan, Intel is now looking for a new CFO. For the time being, Todd Underwood, vice-president of the Finance department and manager of Corporate Planning and Reporting, will perform his duties.

With Swan, Intel does not have a CEO with a technical background, like Krzanich. He is also not a veteran Intel employee, like Krzanich’s predecessor Paul Otellini. In an e-mail to employees , Swan reports that he sticks to Intel’s course to move from a PC-driven company to a data-driven company. He does state that the implementation must improve and that customers rely on Intel, probably referring to the postponement of the 10nm production of chips and the current capacity problems with the 14nm production. As a result, PC manufacturers struggle to get cheaper, cheaper Intel processors.

Intel ceo Robert Swann

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