Intel Corp. Chief Executive Bob Swan to Step Down in February, Be Replaced by VMware's Pat Gelsinger, CNBC Reports
January 13 2021 - 9:59AM
Dow Jones News
--Intel Corp. Chief Executive Bob Swan is stepping down,
effective Feb. 15, CNBC reported Wednesday, citing unnamed
sources.
--VMware Inc. Chief Executive Pat Gelsinger will succeed Mr.
Swan, according to the report.
--The activist hedge fund Third Point LLC in December pushed
Intel to explore strategic changes after a year a year in which the
U.S. semiconductor giant suffered more product delays and lost its
rank as America's highest-valued chip company.
Full story:
https://www.cnbc.com/2021/01/13/intel-ceo-bob-swan-to-step-down-in-february.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
(END) Dow Jones Newswires
January 13, 2021 09:44 ET (14:44 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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