Intel Finally Names New CEO

[Daniel Nenni]

One of the more interesting semiconductor puzzles has finally been solved. Bob Swan, Intel CFO, has been named permanent CEO. Kind of anticlimactic since we saw some interesting names bantered about. Sanja Jay (QCOM and GF) was one of my favorites as was Johny Srouji (Apple). It was my high hope that Intel would do something disruptive and hire a CEO from outside the company but in keeping with tradition they did not. Let's keep our finger crossed because Intel is going to have a rough year or two and let's hope Bob can do something disruptive here, absolutely.

Here are the quotes from the Intel press release:

"As Intel continues to transform its business to capture more of a large and expanding opportunity that includes the data center, artificial intelligence and autonomous driving, while continuing to get value from the PC business, the board concluded after a thorough search that Bob is the right leader to drive Intel into its next era of growth," said Chairman Andy Bryant. "The search committee conducted a comprehensive evaluation of a wide range of internal and external candidates to identify the right leader at this critical juncture in Intel's evolution. We considered many outstanding executives and we concluded the best choice is Bob. Important in the board's decision was the outstanding job Bob did as interim CEO for the past seven months, as reflected in Intel’s outstanding results in 2018. Bob's performance, his knowledge of the business, his command of our growth strategy, and the respect he has earned from our customers, our owners, and his colleagues confirmed he is the right executive to lead Intel."

"In my role as interim CEO, I've developed an even deeper understanding of Intel's opportunities and challenges, our people and our customers," Swan said. "When I was first named interim CEO, I was immediately focused on running the company and working with our customers. When the board approached me to take on the role permanently, I jumped at the chance to lead this special company. This is an exciting time for Intel: 2018 was an outstanding year and we are in the midst of transforming the company to pursue our biggest market opportunity ever. I'm honored to have the chance to continue working alongside our board, our leadership team, and our more than 107,000 superb employees as we take the company forward."

Robert (Bob) Swan's Email to Intel Employees, Customers and Partners on First Day as CEO

Swan is a proven leader with a strong track record of success both within and outside Intel. As interim CEO, Swan has managed the company's operations in close collaboration with Intel’s senior leadership team. Swan has been Intel's CFO since October 2016. In this role, he led the global finance, mergers and acquisitions, investor relations, IT and corporate strategy organizations. Prior to joining Intel, Swan served as an operating partner at General Atlantic LLC and served on Applied Materials' board of directors. He previously spent nine years as CFO of eBay Inc., where he is currently a director. Earlier in his career, he was CFO of Electronic Data Systems Corp. and TRW Inc. He also served as CFO, COO and CEO of Webvan Group Inc., and began his career at General Electric, serving for 15 years in several senior finance roles.

Also read: The New Intel CEO

[Daniel Nenni]

And of course:

Following more than half a year of searching for a new chief executive, Intel Corp. INTC, -2.95% named Robert Swan to the top position. Swan has been acting as interim chief executive for the past seven months, and he has been the company's chief financial officer since 2016. Intel shares are down 2.3% in premarket trading Thursday. Some had expected the company to choose an external candidate for the top post, especially given the long search process. Chairman Andy Bryant said that the company's "outstanding results in 2018," including during Swan's tenure helped the Intel board make its hiring decision. Todd Underwood, Intel's vice president of finance, will assume the CFO position on an interim basis while the company conducts a formal search. Intel's shares have gained 1.4% over the past three months, as the Dow Jones Industrial Average DJIA, -0.63% 0.4%.

Intel stock falls after company names interim chief Bob Swan the new CEO

[Portland]

I don't think he's a bad choice. Intel's ceos aren't really the leaders they sort of give an outsider perspective to engineers.

Everyone in semiconductors are predicted to have a rough year or two. We'll see if those predictions hold true, people are addicted to things with screens.

[coldsolder215]

Anti-climactic, but Intel is a complicated beast on the precipice of a lot of things.. Swan might be just the guy to placate Wall St and while enabling their "post Moore's Law" reinvention efforts..

[hist78]

From the current Intel Board of Directors' composition, I don't believe it reflects the depth and width needed for a Global technology leader with a projected $70 billions 2019 revenue.

Expertise/Background of 10 board members:

Finance, Investment, MBA: 6
Advanced Electrical Engineering: 2
MBA and Medical Doctor: 1
Law/Attorney: 1

Location:
California: 6
Chicago: 1
Pennsylvania: 1
Washington, D.C: 1
Dublin, Ireland: 1

Intel Board of Directors

Andy D. Bryant:
Chairman of the Board, Intel
Education: BA in economics from the University of Missouri and a MBA with a concentration in finance from the University of Kansas.
Base: California

Robert (Bob) H. Swan:
Chief Executive Officer of Intel
Education: Bachelor degree in business administration from the University of Buffalo and his MBA degree from Binghamton University.
Base: California

Aneel Bhusri:
Chief Executive Officer, Workday Inc., a provider of enterprise cloud applications for human resources and finance
Education: MBA from Stanford University and BA in electrical engineering and economics from Brown University.
Base: California

Reed E. Hundt
Principal, REH Advisors LLC, a strategic advice firm
Education: Yale College (BA, 1971), Yale Law School (JD, 1974)
Base: Washington, D.C

Omar Ishrak:
Chairman and CEO, Medtronic, a global leader in medical technology
Education: Bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King's College
Base: Dublin, Ireland

Risa Lavizzo-Mourey:
PIK Professor of Population Health and Health Equity, University of Pennsylvania
Education: MBA from the University of Pennsylvania and received her M.D. from Harvard Medical School.
Base: Pennsylvania

Tsu-Jae King Liu:
Professor, Department of Electrical Engineering and Computer Sciences
Dean, College of Engineering, University of California, Berkeley
Education:
B.S. Electrical Engineering, Stanford University (1984)
M.S. Electrical Engineering, Stanford University (1986)
Ph.D. Electrical Engineering, Stanford University (1994)
Base: California

Gregory D. Smith:
CFO and Executive Vice President, Enterprise Performance and Strategy, Boeing
Education: can't find anywhere
Base: Chicago

Andrew Wilson:
Chief Executive Officer, Electronic Arts Inc.
Education: Loughborough University, Harvard University, detail unknown
Base: California

Frank D. Yeary:
Principal at Darwin Capital Advisors LLC
Education: BA from University of California, Berkeley, in history and economics
Base: California

[Daniel Nenni]

This is my feeling exactly. Intel really does have a board problem. In that regards however I think Bob Swan is much better qualified than I previously thought based on the board. At least they speak the same language.

I did notice that Bob Swan was the CFO, COO, and CEO of Webvan, one of the biggest dot com busts. Close to $1B lost with nothing to show for it.

From the current Board of Directors' composition, I don't believe it reflects the depth and width needed for a Global technology leader with a projected $70 billions 2019 revenue.

Expertise/Background of 10 board members:

Finance, Investment, MBA: 6
Advanced Electrical Engineering: 2
MBA and Medical Doctor: 1
Law/Attorney: 1

Location:
California: 6
Chicago: 1
Pennsylvania: 1
Washington, D.C: 1
Dublin, Ireland: 1

Intel Board of Directors

Andy D. Bryant:
Chairman of the Board, Intel
Education: BA in economics from the University of Missouri and a MBA with a concentration in finance from the University of Kansas.
Base: California

Robert (Bob) H. Swan:
Chief Executive Officer of Intel
Education: Bachelor degree in business administration from the University of Buffalo and his MBA degree from Binghamton University.
Base: California

Aneel Bhusri:
Chief Executive Officer, Workday Inc., a provider of enterprise cloud applications for human resources and finance
Education: MBA from Stanford University and holds bachelor’s degrees in electrical engineering and economics from Brown University.
Base: California

Reed E. Hundt
Principal, REH Advisors LLC, a strategic advice firm
Education: Yale College (BA, 1971), Yale Law School (JD, 1974)
Base: Washington, D.C

Omar Ishrak:
Chairman and CEO, Medtronic, a global leader in medical technology
Education: Bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King’s College
Base: Dublin, Ireland

Risa Lavizzo-Mourey:
PIK Professor of Population Health and Health Equity, University of Pennsylvania
Education: MBA from the University of Pennsylvania and received her M.D. from Harvard Medical School.
Base: Pennsylvania

Tsu-Jae King Liu:
Professor, Department of Electrical Engineering and Computer Sciences
Dean, College of Engineering, University of California, Berkeley
Education:
B.S. Electrical Engineering, Stanford University (1984)
M.S. Electrical Engineering, Stanford University (1986)
Ph.D. Electrical Engineering, Stanford University (1994)
Base: California

Gregory D. Smith:
CFO and Executive Vice President, Enterprise Performance and Strategy, Boeing
Education: can't find anywhere
Base: Chicago

Andrew Wilson:
Chief Executive Officer, Electronic Arts Inc.
Loughborough University, Harvard University, detail unknown
Base: California

Frank D. Yeary:
Principal at Darwin Capital Advisors LLC
Bachelor’s degree from University of California, Berkeley, in history and economics
Base: California

[hist78]

From the Intel Board's background, it seems Intel puts more attention on finance and investment than on technology.

[Portland]

For a major company like intel the best the board could come up with is Bob Swan. That's a pathetic return on investment.

Does the board or the ceo really run the show in intel. I assume Andy Bryant is Mike Rogoway source on the fake news fab story in oregon and was pissed off when the new fab went to israel. Bryant probably isn't too happy about the mellanox deal either.

[JohnnyFox]

For a major company like intel the best the board could come up with is Bob Swan. That's a pathetic return on investment.

Does the board or the ceo really run the show in intel. I assume Andy Bryant is Mike Rogoway source on the fake news fab story in oregon and was pissed off when the new fab went to israel. Bryant probably isn't too happy about the mellanox deal either.

Intel are going to need more customers
Intel to invest billions into massive expansion of Leixlip site - Dublin Live

[Portland]

Intel are going to need more customers
Intel to invest billions into massive expansion of Leixlip site - Dublin Live

It's the same thing with rogoway in that there's a single source saying it and not multiple outlets for a giant news story in manufacturing. There should be a thousand different outlets with their sources reporting this and it's not happening. An opinion piece of the dangers of artificial intelligence from canada has more diverse coverage than this.

[JohnnyFox]

It's the same thing with rogoway in that there's a single source saying it and not multiple outlets for a giant news story in manufacturing. There should be a thousand different outlets with their sources reporting this and it's not happening. An opinion piece of the dangers of artificial intelligence from canada has more diverse coverage than this.

There is this planning permission revision application. Lodged last week,. View Files

And the fact that literally hundreds of lorry loads of soil are leaving the leixlip site on a daily basis, ground works for the new fab. The project ould go on hold at any stage though.

[Portland]

There is this planning permission revision application. Lodged last week,. View Files

And the fact that literally hundreds of lorry loads of soil are leaving the leixlip site on a daily basis, ground works for the new fab. The project ould go on hold at any stage though.

So intel will build a fab the could be put on hold at any stage. Okay.

[Portland]

Intel prepared to invest $8bn in new Leixlip development

New sources finally came out and I was wrong. I can believe an $8 billion fab and a 4 year timeline. The $4 billion in 2 years sounded too good to be true. Honest a lot of companies like to build warehouses to store product made overseas and that's what I thought intel was doing. Another important point is that ireland is known to support BDS and israelies are kind of known to keep their manufacturing and automation automation know how to themselves. Ireland might not get the machines even if the fab is built.

I wouldn't be surprised if some of the automated equipment cost $500 million or even a billion.

[hist78]

Another important point is that ireland is known to support BDS and israelies are kind of known to keep their manufacturing and automation automation know how to themselves.

They are all owned by Intel. How can they keep know-how away from each other even don't share it with Intel USA?

[Portland]

They are all owned by Intel. How can they keep know-how away from each other even don't share it with Intel USA?

I can't write because i have to do a grave yard shift but israelies won't give away 10nm now because a campus in america or ireland ask. No one would. They like to sell the product not the technology. It would be something special if someone convinced them too.