40-Year Tech Industry Vet Pat Gelsinger Named Intel's Next CEO

Pat Gelsinger, CEO of virtualization software provider VMware (NYSE: VMW) since September 2012 and a four-decade technology industry veteran, has been appointed by the board of directors at Intel (Nasdaq: INTC) to serve as the chipmaker’s CEO effective Feb. 15.

He will succeed Bob Swan, who has led Intel since January 2019, and serve as a board member, the company said Wednesday.

Gelsinger helped VMware transform itself into a global technology provider in the cloud infrastructure, cybersecurity and enterprise mobility segments, and the software company has experienced a triple increase in its annual revenue under his leadership.

He previously served as president and chief operating officer of the information infrastructure products business at EMC, where he managed data computing and storage, backup and recovery, security and enterprise technology offerings.

Prior to EMC, he initially worked at Intel for three decades and served as the first chief technology officer there.

In a separate announcement, VMware said Gelsinger will continue to serve on its board and the company appointed Chief Financial Officer Zane Rowe to take the helm on an interim basis until a permanent replacement is found.

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