Intel: Robert Swan is CEO

January 31, 2019

Intel has named Robert (Bob) Swan as chief executive officer. Swan, 58, who has been serving as Intelís interim CEO for seven months and as chief financial officer since 2016, is the seventh CEO in Intelís 50-year history. Swan has also been elected to Intelís board of directors.

Todd Underwood, vice president of Finance and director of Intelís 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.

ďAs 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,Ē said Chairman Andy Bryant. ďThe 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 Intelís evolution. We considered many outstanding executives and we concluded the best choice is Bob. Important in the boardís decision was the outstanding job Bob did as interim CEO for the past seven months, as reflected in Intelís outstanding results in 2018. Bobís 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.Ē

ďIn my role as interim CEO, Iíve developed an even deeper understanding of Intelís opportunities and challenges, our people and our customers,Ē Swan said. ďWhen 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. Iím 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.Ē

Swan is a proven leader with a strong track record of success both within and outside Intel. As interim CEO, Swan has managed the companyís operations in close collaboration with Intelís senior leadership team. Swan has been Intelís 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 Materialsí 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.

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