INTEL’s new CEO Is it right for the time being?

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Intel Corporation, a specialist in the manufacture and development of chips and processors, appointed Robert Swan as its Executive Director after seven months of research to be the seventh CEO of the company selected from the Board of Directors.

 

Robert Swan was the company’s chief financial officer since 2016 and served as interim chief executive while looking for a permanent leader. Swan Masra said he did not want the job, but he held the temporary post of CEO after the resignation of former CEO Brian Krzacz Because of his relationship with a staff member is an explicit violation of the company’s policies …

There were conflicting expectations that Intel might appoint a chief executive during last week’s earnings, but that did not happen. Swan said the company was still looking for the right candidate. “I am convinced that the board is close to choosing a new CEO. The near future and until its choice will not be distracted by the absence of the post “…

Investors and enthusiasts will closely monitor Mr. Swan who needs to lead the company out of supply problems due to low production and 10nm production problems (although the company says it is on track to launch 10nm processors in 2019).

Todd Underwood, vice president of finance and current director of planning and reporting, will be the company’s interim financial manager to make the old Swan seat warm until another appointment, where the company is already looking to fill the position.

“The research committee conducted a comprehensive assessment of a wide range of internal and external candidates to determine the right leader at this crucial juncture in Intel’s evolution,” said Andy Bryant, president of Intel. We have seen many prominent executives and found out that the best option is Swan. The most important thing in the board decision is Bob’s remarkable job as interim CEO over the past seven months, as reflected in Intel’s outstanding 2018 results, confirming Bob’s performance and knowledge. Work and lead our growth and respect strategy that Bob has earned from our clients and colleagues and a lot of things that poignantly qualify Bob to be the right CEO to lead Intel “.

Other candidates for the job were sworn in before the SWAN selection, including the company’s internal nominees such as Dr. Venkata “Murhty” Renduchintala, Group President for Technology and Systems Engineering and Customer Group. He is also the chief engineering officer and one of the most prominent external candidates is the leading Apple segment Johny Srouji. Intel has a large draft But none of the drafts were trustworthy and qualified to be the right choice because all the board of directors thought Swann was very serious in his job as interim executive director for the past 7 months and would not seek to be alone in the summit …

We are all waiting for Intel’s 2019 plan under the leadership of Mr. Swan. Will we see the achievement of greater achievements and greater promises? We will see that knowing that Intel shares have fallen by 2.5% during our writing to those lines, what is the indication !!!

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