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Intel replaces its chief executive after 2 years

Shortpedia

Content Team
Image Credit: shortpedia

Intel is replacing its CEO after only two years, but it has been a rough stretch for the chipmaker. Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by industry veteran Pat Gelsinger. Intel said Wednesday that the change in leadership is unrelated to its financial performance last year. Gelsinger has been the CEO of VMware and has more than 4 decades of experience in the tech industry.