BUSINESS After investor pressure, Intel says CEO to step down

BUSINESS

After investor pressure, Intel says CEO to step down

AFP

22:42, January 13, 2021

An Intel sign is seen at the Intel Museum in Santa Clara, California on November 4, 2016. (Photo: AFP)

Intel CEO Bob Swan will step down next month, the computer chip giant said on Wednesday, weeks after a hedge fund sent a letter demanding changes in its business.

"Intel today announced that its board of directors has appointed 40-year technology industry leader Pat Gelsinger as its new chief executive officer, effective February 15, 2021," the company said in a statement. "He will succeed Bob Swan."

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue