Intel has confirmed that technology industry leader and CEO of enterprise software major VMware Pat Gelsinger will take over as the new CEO as Bob Swan moved on, amid the chip maker registering poor business final year.
Gelsinger will step into the Intel CEO’s position from February 15, and also will join the Intel board of directors upon assuming the role.
The corporate stressed that the announcement is unrelated to Intel’s 2020 monetary efficiency.
Apple final fall introduced to interrupt up its 15-year affiliation with Intel for Macs, going for its personal M1 Silicon chip and the brand new Macs are already out available in the market.
“After cautious consideration, the board concluded that now’s the fitting time to make this management change to attract on Pat’s know-how and engineering experience throughout this vital interval of transformation at Intel,” mentioned Omar Ishrak, independent chairman of the Intel board.
Swan was named CEO in January 2019 after serving as interim CEO for seven months. Gelsinger has served as CEO of VMware since September 2012.
For each Swan and Gelsinger, India has always been a strategic and growth-oriented market.
“I’m thrilled to rejoin and lead Intel ahead at this vital time for the company, our trade and our nation,” mentioned Gelsinger.
