Intel CEO Bob Swan Is Replaced by VMware’s Pat Gelsinger
- Chipmaker recently came under activist pressure from Dan Loeb
- Gelsinger returns to his roots, where he started at age 18
Photographer: Tony Avelar/Bloomberg
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Intel Corp. Chief Executive Officer Bob Swan will be replaced by VMware Inc. CEO Pat Gelsinger, who’s returning to the company he left more than a decade ago to shepherd it out of a crisis threatening its leadership of the chip industry.
Swan was named to the top job in January 2019 after serving as interim chief for about six months, reluctantly taking the job after the firing of his predecessor, Brian Krzanich. Gelsinger will rejoin Intel, where he started his career as an engineer at age 18 and spent more than 30 years, working his way up the ranks before leaving in 2009 for EMC Corp. He was appointed CEO of software maker VMware in 2012.