Intel announced that VMware‘s current CEO, Pat Gelsinger will succeed Bob Swan, effective February 15. The 40-year technology industry leader Pat Gelsinger will also join the company’s board of directors upon assuming the role. The company also stated that the announcement is unrelated to the company’s 2020 financial performance. Intel also stated that the company expects to exceed its previously communicated guidance for fourth-quarter 2020 revenue and earnings per share.
40-year technology industry leader
Pat Gelsinger has more than four decades of technology and leadership experience, including 30 years at Intel where he began his career. He has been serving as CEO of VMware since September 2012. During his leadership, the company doubled in size. Pat Gelsinger, CEO, Intel, said,
“I am thrilled to rejoin and lead Intel forward at this important time for the company, our industry, and our nation. 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.”