Patrick Gelsinger Announces New Intel CEO


by Fortune Brainstorm TECH

Intel CEO Bob Swan has resigned on February 15, 2021, and current VMWare CEO Patrick Gelsinger has been found to replace him. Gersinger left Intel in 2009 after working for Intel for 30 years and becoming CTO (Chief Technology Officer).

Intel Appoints Tech Industry Leader Pat Gelsinger as New CEO | Intel Newsroom
https://newsroom.intel.com/news-releases/intel-appoints-tech-industry-leader-pat-gelsinger-as-new-ceo/

Note from Pat Gelsinger to Intel | Intel Newsroom
https://newsroom.intel.com/news/note-from-pat-gelsinger-to-intel/#gs.qk6lfb

Intel CEO Bob Swan to step down, VMware's Pat Gelsinger to replace him
https://www.cnbc.com/2021/01/13/intel-ceo-bob-swan-to-step-down-in-february.html



Brian Krzanich was CEO of Intel from 2008 to 2018, but Krzanich resigned in June 2018 for having an inappropriate relationship with his employees. After that, Bob Swan, who became the interim CEO, was appointed as the permanent CEO in 2019, but it was reported that there will be a delay of about one year in Intel's 7nm process development in 2020 ...

Intel's 7nm process development delayed by about a year, suggesting that CEO is considering outsourcing chip manufacturing-GIGAZINE



Apple announced that it will switch from Intel chips to ARM-based in-house CPU ' Apple Silicon '.

Former Intel engineer claims that 'Apple stops adopting Intel CPUs because of poor quality assurance of Skylake architecture' --GIGAZINE



In this context, Hedge Fund Third Point, which invested in Intel and is known as a 'speaking shareholder,' urged Intel to explore strategic options.

US Third Point Requests Intel to Review Business | Reuters
https://jp.reuters.com/article/intel-thirdpoint-idJPKBN29401H



'Swan was a talented person and did the right thing to give up his seat to Gersinger for all shareholders,' Third Point's Daniel Loeb posted on Twitter in response to news of the CEO change.



It has been pointed out that Mr. Swan is 'from the CFO (Chief Financial Officer) and has no technical background.' On the other hand, Mr. Gelsinger was a person who joined Intel at the age of 18 and became CTO after working for 30 years, and Intel Chairman Omar Ishrak said about Mr. Gelsinger, 'Pat brings great innovation and develops human resources. , Proving to be a technology leader familiar with Intel. '

'The experience at Intel has shaped my entire career and I can't thank the company. It's all about accelerating digitization and when such innovations are important,' said Gelsinger. It is my greatest honor in my career to be able to return to Intel as CEO. '

In addition, Intel said in the announcement that the change of CEO is 'irrelevant to the financial performance in 2020', and that 7nm process development will be announced with a complete update at the time of reporting the entire 2020 and the fourth quarter. ..

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in Hardware, Posted by darkhorse_log