Intel has announced that its next CEO will be Robert Swan, who has been leading the chip maker on an interim basis following the departure of former CEO Brian Krzanich in June.
Swan, the seventh CEO in Intel’s 50-year-history, will also join the firm’s board of directors.
Born in Syracuse, New York, Swan gained a business degree from the University of Buffalo and an MBA from the State University of New York at Binghamton in the 1980s.
He then joined multinational conglomerate General Electric. During his 15-year tenure, he rose through the ranks to serve as the firm’s chief financial officer for GE Transportation Systems, GE Medical Systems, and GE Lighting respectively.
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Following the emergence of the internet, Swan then joined grocery delivery service Webvan as its chief operating officer and even briefly become CEO in 2001.
Next, Swan served as CFO of the auto parts and aerospace company TRW and at tech consulting giant at EDS.
His next move saw him join online marketplace eBay, helping the firm navigate a period of growth fuelled by a string of acquisitions.
By the time he left the firm, eBay’s revenue had more than tripled to nearly $18bn.
Swan’s next career change took him to General Atlantic, the private equity and investment firm which is best known for its investments in startups like Uber and Airbnb.
This role also gave Swan the opportunity to work with smaller startups again such as software developer App Dynamics, where he served on the boar. After Swan’s departure, Cisco would later buy the firm for $4bn.
In 2016, Swan arrived at the doors of Intel. He was appointed as chief financial officer and has served as interim CEO for the past seven months.
In a statement, Swan said that when the board approached him to take on the role permanently he “jumped at the chance to lead this special company”.
He added: “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.
“I’m 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.”