Intel Corporation has named Robert Swan as its chief executive officer. His promotion was announced Jan. 31, 2019. Swan, who previously served as the company’s chief financial officer and interim CEO, is the seventh CEO to lead the company based in Santa Clara, Calif., USA. Photo courtesy of Intel Corporation

Santa Clara, Calif., USA - January 31, 2019

Intel Corporation (NASDAQ: INTC) today announced that its board of directors has named Robert (Bob) Swan as chief executive officer.

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.

Andy D. Bryant is chairman of the Board of Directors, Intel Corporation. Photo courtesy of Intel Corporation

“As Intel continues to transform its business to capture more of a large and expanding opportunity that includes the data center, artificial intelligence and autonomous driving, while continuing to get value from the PC 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. Important in the board’s decision was the outstanding job Bob did as interim CEO for the past seven months, as reflected in Intel’s outstanding results in 2018. Bob’s performance, his knowledge of the business, his command of our growth strategy, and the respect he has earned from our customers, our owners, and his colleagues confirmed he is the right executive to lead Intel.”

Intel Corporation has named Robert Swan as its chief executive officer. Photo courtesy of Intel Corporation

“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.”

Bob Swan, Intel’s chief financial officer and interim chief executive officer, oversees the ceremony to ring the bell opening trading on the Nasdaq Stock Market on July 18, 2018. The event at Intel Corporation’s headquarters in Santa Clara, California, celebrated the 50th anniversary of the company’s founding. Photo courtesy of Intel Corporation

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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 LLC and served on Applied Materials’ board of directors.

He previously spent nine years as CFO of eBay Inc., where he is currently a director.

Earlier in his career, he was CFO of Electronic Data Systems Corp. and TRW Inc.

He also served as CFO, COO and CEO of Webvan Group Inc., and began his career at General Electric, serving for 15 years in several senior finance roles.


Robert (Bob) Swan’s Email to Intel Employees, Customers and Partners on First Day as CEO

January 31, 2019

Intel Corporation has named Robert Swan as its chief executive officer. His promotion was announced Jan. 31, 2019. Photo courtesy of Intel Corporation

From: Bob Swan
To: Intel employees, customers and partners
Date: Jan. 31, 2019
Subject: Driving Intel Forward

I am honored and humbled to be named Intel’s CEO. I loved my role as the CFO, and over the past seven months I have come to love our company even more – and its mission, employees and customers. When the board approached me about taking the CEO role, I jumped at the opportunity to remove “interim” from my title.

As an executive team, we will focus relentlessly on building great teams and culture, and delighting our customers. Leadership is a team sport and is about bringing together the team, setting the direction and letting the team be unencumbered – so they can achieve things nobody thought was possible. My biggest learning over the last seven months is how important we all are to our customers, and the responsibility and opportunity that goes with that.

As we move into the next few weeks and months, we’ll be focused on four critical imperatives.

First, we must be bold and fearless. Intel’s team has the technical and strategic vision to shape technology’s future. Our ambitions have never been greater and we have a relatively small share of the largest addressable market in Intel’s history. We must remain focused on playing offense and innovating for an increasingly data-centric world. A world where all data needs to be processed, moved, stored and analyzed.

Second, our core strategy is not changing: We’ve embarked on what we believe can be the most successful transformation in corporate history. We are evolving from a PC-centric to a data-centric company that builds the technology foundation powering the world’s innovations. What will change is how we serve our customers and how we partner and build the best technology together. By listening closely to how we can make our customers’ lives better by helping them delight their customers, we will all win.

Third, our execution must improve. And it will. Our customers are counting on us.

Fourth, we have a powerful culture, and to achieve our ambitions we must evolve. Our culture must encourage every Intel employee to be bold and fearlessly focused on going beyond what they thought possible. And, the culture must honor truth and transparency, customer-obsession, and coming together as “One Intel.”

Intel has an amazing legacy, but our aspirations have grown. We need to continue to evolve to continue making Intel’s future even brighter than our storied past.

We’ve got an incredible foundation to build on – and I look forward to all that we can achieve together in the future. I’m all in.

– Bob


About Intel

Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations.


The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between.

Find more information about Intel
at https://newsroom.intel.com  and https://intel.com  

At Mobile World Congress 2019 in Barcelona, Intel will demonstrate solutions powering the 5G future. Come experience compelling use cases highlighting the power of 5G across client, cloud, network and edge, enabling Intel customers to deliver new innovative capabilities and scalable and efficient business models. As the world moves beyond connecting billions of humans to connecting billions of “things,” Intel’s world-class data-centric technologies and solutions will drive 5G’s usefulness and presence everywhere. February 1, 2019 Photo courtesy of Intel Corporation

Source: Intel Newsroom

https://newsroom.intel.com/  



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