Intel Makes Interim CEO Swan Permanent - News Summed Up

Intel Makes Interim CEO Swan Permanent


(Reuters) - Intel Corp named interim Chief Executive Officer Robert Swan to the role on a permanent basis on Thursday while also naming a new interim chief financial officer. Swan joined the company in 2016 as chief financial officer. Intel also said Todd Underwood, vice president of finance, would assume the role of interim chief financial officer as the company undertakes an internal and external search for a permanent CFO. Robert Swan, the seventh CEO in the company's history, had been Intel's CFO since October 2016 and previously spent nine years as the finance chief of eBay Inc. Given his short tenure and lack of experience in manufacturing, many analysts had said he was not likely to be named permanent CEO.


Source: New York Times January 31, 2019 14:15 UTC



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