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Intel names Robert Swan as new CEO

(Image credit: Image Credit: StockStudio / Shutterstock)

Intel has a new permanent CEO after confirming that Robert Swan will now fill the position. 

Swan had been interim CEO for seven months after the company parted ways with former chief Brian Krzanich, who was forced to step down after it was uncovered that he had a ‘consensual relationship’ with an employee against company policy.

Before being appointed interim CEO, Swan was the company’s chief financial officer, since 2016, and was also elected to the board.

During Intel's initial search for a permanent CEO, Swan was quoted saying that he didn’t want the job. But in an interview with CNBC (opens in new tab), the 58-year-old said that things changed in the meantime.

"I went from loving my day job to loving the company," Swan said in the interview. "The second thing: I was asked."

CNBC reported that the news sent Intel’s shares down three per cent, before paring losses and closing 1 per cent down.

Intel had been searching for a new CEO for months. It searched among its own employees, but also outside the company, to no avail.

Last month, the media reported that Intel “ruled out some candidates, passed up obvious ones, been rejected by some and decided to go back and re-interview others.”

Image Credit: StockStudio / Shutterstock

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.