Intel interim CEO doesn't want to become CEO

Posted on Wednesday, June 27 2018 @ 9:26 CEST by Thomas De Maesschalck
INTC logo
Almost a week ago now, Intel saw a much needed change of leadership as Brian Krzanich got ousted from the CEO position after the board found out he had had a relationship with one of his employees. This is against Intel's non-fraternization policy, and provided a decent cover story for getting rid of Krzanich without too much public scrutiny. Among other things, his tenure will be remembered as the time when Intel lost its manufacturing lead, and allowed AMD to come back strong.

With Krzanich gone, Bob Swan took over the reigns of Intel as interim CEO. The latest update about the situation is that Swan doesn't want the job, and will remove himself as a candidate for the CEO post:
Swan made his comments during an all-hands meeting after the announcement that Krzanich had left the company, said the person, who asked not to be identified speaking about an internal forum. Swan, Intel’s chief financial officer, will continue with the duties of that role while temporarily acting as the company’s leader and caretaker. Krzanich was asked to resign after the company was notified he had broken rules forbidding managers from having relationships with employees.
Intel is searching for a new CEO among its current employees as well as outsiders. Throughout the company's 50-year history, it has never appointed an outsider CEO.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



Loading Comments