Intel CEO Bob Swan to Step Down

The last few years have been quite tough for Intel, and now the company is getting ready for another big change.

CEO Bob Swan will leave the company on February 15, with VMware CEO Pat Gelsinger to replace him at the helm of Intel and also join the board of directors.

“I am thrilled to rejoin and lead Intel forward at this important time for the company, our industry and our nation,” said Gelsinger.

“Having begun my career at Intel and learned at the feet of Grove, Noyce and Moore, it’s my privilege and honor to return in this leadership capacity. I have tremendous regard for the company’s rich history and powerful technologies that have created the world’s digital infrastructure. I believe Intel has significant potential to continue to reshape the future of technology and look forward to working with the incredibly talented global Intel team to accelerate innovation and create value for our customers and shareholders.”

No word the reasons for Swan’s depa… (read more)