Bob Swan 31 January 2019 was appointed CEO of Intel, after more than six months of acting as interim CEO, following the resignation of Brian Krzanich. Today, i.e. less than two years later, Intel announced that Bob Swan 15 will step down from January . The company is changing its boss once again, having recently faced increasing difficulties in terms of competitiveness, losing several important titles along the way. According to Intel’s press release, Pat Gelsinger, the current CEO of VMWare, was chosen as the company’s new CEO. Bob Swan has been criticized for a long time for his lack of technical experience. Gelsinger has them, and quite a lot of them.

Bob Swan had experience as a financial expert. Pat Gelsinger is an Intel veteran, co-creator of the success of Intel processors 486.

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Company CEO change announced just a few days before the scheduled financial statements. Any day, Bob Swan was also about to present Intel’s new integrated circuit manufacturing strategy, which would include increasing outsourcing of production to external companies. changes in the CEO position In July last year, Intel lost its position as the financially largest company in the microprocessor industry to NVIDIA. Last year, Apple announced that it will start moving away from Intel processors in Mac computers, in favor of its own ARM-based designs. It is also worth bearing in mind that NVIDIA wants to buy the British company ARM for about 40 for about the constantly expanding market of portable devices, but also automotive.

Unlike Swan, Pat Gelsinger has a lot of technical background. He has worked for Intel for a total of 30 years. He has at least a large share in the design of Intel processors 80486 (Intel 486 ), becoming the Technical Director. The market and analysts are already reacting to the appointment of Gelsinger as the new CEO of Intel. Intel (NASDAQ) shares increased approximately 8%. In a press release, analytical firm BMO Capital Markets said choosing Gelsinger was “a big step in the right direction,” adding that “it certainly has the background and expertise to tackle many of the challenges in the long term.” Intel will release its latest financial report as scheduled for January 21 January.

Source: Intel