The rise of Bob Swan, who went from leading a notorious dot-com bust to becoming the new CEO of Intel (INTC)

• Intel has a new CEO in the form of Bob Swan, ending a search that started in the wake of former chief exec Brian Krzanich's departure. 
• Swan had been interim CEO since Krzanich left in June 2018, and Intel's CFO before that. 
• Before Intel, Swan had a long career in Silicon Valley and beyond: He was the CFO (and briefly CEO) of notorious dot-com flop Webvan, a venture investor, and other things besides. 
• Here's a look at his career, from a long tenure at GE all the way to the top of Intel.

On Thursday, Intel named Robert "Bob" Swan as its new permanent CEO.

Swan is a familiar face for Intel shareholders and employees: He had been serving as CFO since 2016, and stepped up as interim CEO in June 2018, following the sudden departure of former chief exec Brian Krzanich. 

The 58-year old executive has held number executive roles throughout his career, but leading $215 billion Intel will be Swan's highest-profile gig yet. 

But who exactly is Intel's new CEO?

Here's a closer look at Bob Swan's life and career: 

Robert "Bob" Swan is 58. He was born in Syracuse, New York and attended the University of Buffalo, where he received his undergraduate degree in business administration. Swan went on to earn an MBA from Binghamton University.

Source: Syracuse.com

 

Swan began his career at General Electric in 1985, where climbed the ladder and held multiple senior finance roles — including CFO of GE Transportation Systems and VP of finance for GE Medical Systems in Europe. He spent 15 years at GE.

Sources: Bloomberg

In 1999, Swan joined the dot-com grocery delivery company Webvan as VP of finance. Webvan launched with a ton of hype, and raised some $400 million in venture capital. Webvan raised another $375 million in an IPO the year of its launch, and hit a market cap of $7.9 billion on its first day of trading.

Source: NYT, CNN, and Ecommerce Times

 

 

 

See the rest of the story at Business Insider

Contributer : Tech Insider https://read.bi/2UwP25D

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