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Robert Swan steps down as Intel CEO after series of failures. He will be replaced by the head of VMware Pat Gelsinger
Intel Announces Management Changes. CEO Robert Swan will step down on 15 February. He will be replaced by the head of VMware Pat Gelsinger. This is reported on the Intel website.
Pat Gelsinger, Salt & Light
The reasons for the change of the CEO are not specified. The company noted that this is not related to its financial performance for 2021.
“I am delighted to be joining Intel again and leading it forward during this important time for the company. Having started my career here, I studied with Andrew Grove, Robert Noyce and Gordon Moore. I am honored to come back here as a leader. I respect the history of the company and the technology that has created the world’s digital infrastructure. I believe Intel has the potential to further influence technology development, ”Gelsinger said.
He also added, “I look forward to working with all of you [Intel employees] to further shape the future of IT. Although Intel has a rich history, the transition from CPU to XPU multi-architecture technology is an exciting event and our opportunity as a global semiconductor manufacturer is greater than ever. In the near future, I will share my vision and strategy for Intel, but I know we can accelerate innovation, strengthen our core business and create value for our shareholders, customers and employees. «. It turns out that the future head of Intel has his own plan for further actions, but there is no need to expect drastic changes in the company’s course.
Swan has led Intel since January 2021. During his leadership, the company weakened its position in the market. In addition, the manufacturer has lost one of its largest customers — Apple, which has worked with Intel for over 15 years. Apple ditches the use of Intel chips in its computers in favor of its own ARM-based designs.
Robert Swan, Intel
Critics have repeatedly noted that Swan has no technical education. During his previous career, he mainly held senior financial positions in Electronic Data Systems, GE Transportation Systems, GE Medical Systems in Europe and other companies.
Gelsinger has previously worked at Intel. In this company, he began his career, where he reached the post of the first technical director and was one of the organizers of the Intel Developer Forum conference, which became an analogue of WinHEC from Microsoft. After leaving the company, Gelsinger also served as chief operating officer and president of EMC, and since 2021 has been the CEO of software developer VMware. In 2021, he was named the best CEO of the United States.
Intel shares up 10% after news of Swan’s resignation. At the same time, VMWare shares fell 5%.