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Intel Replaces Its CEO

TheMotleyFool

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Bob Swan is stepping down as CEO of Intel (NASDAQ: INTC), the company announced yesterday. He will serve in the position until Feb. 15, when he will be replaced by current VMware (NYSE: VMW) CEO and onetime Intel executive Pat Gelsinger.

Swan's tenure did not last long. He was formally appointed CEO in January 2019, following seven months as the company's interim leader. His reign did not cover the most glorious years of the once-dominant chipmaker; last summer, for example, the rollout of Intel's new 7-nanometer chips was significantly delayed.

Image source: Getty Images.

Source Fool.com

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