San Francisco: 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 last year.
Gelsinger will step into the Intel CEO’s role from February 15, and will also join the Intel board of directors upon assuming the role.
The company stressed that the announcement is unrelated to Intel’s 2020 financial performance.
Apple last fall announced to break up its 15-year association with Intel for Macs, going for its own M1 Silicon chip and the new Macs are already out in the market.
“After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel,” said 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 both Swan and Gelsinger, India has always been a strategic and growth-oriented market.
“I am thrilled to rejoin and lead Intel forward at this important time for the company, our industry and our nation,” said Gelsinger.