Intel announces new CEO, successor to Bob Swan

Business

By CAPosts 13 January, 2021 - 10:18am 36 views

Intel announced that its board of directors has appointed Pat Gelsinger as its new CEO, this after Bob Swan announced his resignation. Gelsinger will take over from Swan on February 15 this year. This marks the return of one of Intel's leaders, as Gelsinger was with the company for 30 years, before serving as CEO of VMWare. “Pat is a respected technology leader with a distinguished record of innovation, talent development, and deep understanding of Intel. He will continue with a cultural leadership approach based on company values and with a focus on operational execution, ”said Omar Ishrak, Independent Chairman of the Intel Board.

© Courtesy: Intel Pat Gelsinger returns to the company where he was 30 years, but now as CEO.

The company has made great progress in its 7 nanometer chip processing technology and plans to provide an update on this technology later this quarter. "I am delighted to rejoin and move Intel forward at this important time for the company, our industry and our nation," said Gelsinger. "Having started my career at Intel and learned at the feet of Grove, Noyce and Moore, it is a privilege and an honor for me to return in this leadership capacity," said Gelsinger. The new Intel CEO has been at VMWare since 2012, where he managed to grow the cloud company and create alliances with companies specializing in the subject, such as Amazon Web Services or Google Cloud.

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Source: MSN