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Intel announces VMware chief Pat Gelsinger as new CEO

(Image credit: Future)

Intel's interim CEO, Bob Swan, will step down on February 15, the company has confirmed.

In a press release (opens in new tab), Intel named current VMware CEO Pat Gelsinger as the successor. Gelsinger was Intel’s first Chief Technology Officer, working at the firm until 2009 before becoming VMware CEO in 2012.

Commentators have suggested that Gelsinger has been brought back in to right the ship, with Intel losing ground on its major rivals.

“To come back 'home' to Intel in the role of CEO during what is such a critical time for innovation, as we see the digitization of everything accelerating, will be the greatest honor of my career,” he said.

Intel (opens in new tab) has been described by the media as a “struggling giant”. It completely missed out on the smartphone boom, as well as the custom silicon market. It also used to be a leader in chip manufacturing, but has ceded its position to Taiwan-based TSMC.

VMware (opens in new tab), on the other hand, will now need to focus on finding a new CEO. For the time being, the company will be spearheaded by CFO Zane Rowe, who will take up the position of interim CEO. The company will “initiate a global executive search process,” it said.

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.