Robert Swan moves from interim to permanent CEO at Intel

Robert Swan moves from interim to permanent CEO at Intel
This Jan. 1, 2018, file photo shows an Intel logo on the box containing an HP desktop computer on sale at a Costco in Pittsburgh. Intel has named its interim CEO Robert Swan as permanent chief. Swan, was serving as Intel's interim CEO for seven months and was chief financial officer before that since 2016. (AP Photo/Gene J. Puskar, File)

Intel is changing Robert Swan's status as interim CEO, to permanent.

Swan, 58, has led the chipmaker since June, when CEO Brian Krzanich resigned after the company learned that he had carried on a consensual relationship with an employee. The relationship violated Intel's non-fraternization policy, which applies to all managers.

Swan had been the company's chief financial since 2016 and becomes somewhat of a rarity as CEO of Intel: an outsider. Krzanich had been CEO for five years, and joined Intel Corp. in 1982 as an engineer.

Swan had previously worked at General Atlantic LLC, a .

Swan takes over during a tricky period for Intel Inc. The Santa Clara, California, recently cut its outlook amid rising trade tensions and a slowing global economy.


Explore further

Former Intel boss Brian Krzanich to lead CDK Global

© 2019 The Associated Press. All rights reserved.

Citation: Robert Swan moves from interim to permanent CEO at Intel (2019, January 31) retrieved 16 July 2019 from https://phys.org/news/2019-01-robert-swan-interim-permanent-ceo.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
4 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more