Intel Corporation today announced that its board of directors has officially appointed Robert (Bob) Swan as its CEO. Mr. Swan has served as the company's chief financial officer and seven months of interim CEO of Intel since 2016 and is the seventh CEO of Intel's 50-year history. Mr. Swan was also selected as a member of the Intel Board of Directors.

Intel Chairman Andy Bryant said: "The board of directors concluded after a thorough search that Bob is the best leader to lead Intel into the next growth era. We have considered many excellent managers, and we have come to the conclusion that the best candidate is Bob. The board's decision is based on Bob's excellent job as interim CEO over the past seven months, which is reflected in Intel's outstanding performance in 2018."

Mr. Swan is a recognized leader with outstanding performance at Intel and its predecessors. As Intel's interim CEO, Mr. Swan worked closely with Intel's senior leadership team to run the company. Mr. Swan has served as Intel's Chief Financial Officer since October 2016. During his tenure, he led Intel's global finance, mergers and acquisitions, investor relations, IT and corporate strategy organizations.