Companies

Who is Intel's new CEO Pat Gelsinger

10 days ago   |   By Fortune

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VMware CEO Pat Gelsinger has always had a reputation as being a bit of a Boy Scout. So he decided to play against type a few years ago for his keynote address at the software company's annual customer conference in Las Vegas.
“What can I do to take my commitment to the next level,” he asked the crowd. “I went down the street to ‘Bad-Ass Tattoo.'”
Rolling up his sleeve, Gelsinger revealed a huge tattoo spelling out the company's name in bold black letters across...
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Pat Gelsinger will take over as new Intel CEO on February 15

Pat Gelsinger will take over as new Intel CEO on February 15

10 days ago   |   By Venture Beat

Intel announced today that Bob Swan will step down as CEO on February 15, replaced by ex-Intel executive Pat Gelsinger.
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VMware stock drops over 7% after news that CEO Pat Gelsinger will head to Intel

10 days ago   |   By Business Insider

Former VMware CEO Pat Gelsinger
VMware
Shares of VMware, Inc. slipped over 7% Wednesday on news the company's CEO Pat Gelsinger is headed to Intel .
Gelsinger will be replaced by CFO Zane Rowe in the interim while the board and majority stakeholder Dell Technologies decide on a replacement.
Michael Dell, Chairman of the Board at VMware, commented on Gelsinger's departure, saying, "I speak for the VMware Board of Directors, executive management and employees in expressing our gratitude to Pat for his leadership at VMware, and we are thrilled to keep him on as a member of the...
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Intel stock surges 7% on news CEO Bob Swan to be replaced by VMware's Pat Gelsinger

Intel stock surges 7% on news CEO Bob Swan to be replaced by VMware's Pat Gelsinger

10 days ago   |   By Business Insider

Summary List Placement Shares of Intel are up over 7% Wednesday on news CEO Bob Swan will be replaced by VMware's Pat Gelsinger.
The surprise move comes after activist hedge fund Third Point LLC said "immediate change" is needed to reverse the semiconductor giant's fortunes.
Third Point CEO Daniel Loeb wrote to Intel chairman Omar Ishrak on December 29 urging immediate action to secure the company's role as a major provider of processor chips for PCs and data centers.
The New York-based hedge fund holds a $1 billion stake in Intel.
"Without immediate change at Intel, we fear that America's...
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Intel stock surges 7% on news CEO Bob Swan to be replaced by VMware's Pat Gelsinger

10 days ago   |   By Business Insider

Intel boss Robert "Bob" Swan announces the chip group's new microprocessors called "Tiger Lake" at the technology fair CES. The new chips are expected to significantly accelerate games and AI.
Christoph Dernbach/Getty Images
Shares of Intel are up over 7% on Wednesday on news CEO Bob Swan will be replaced by VMware's Pat Gelsinger.
The news comes after activist hedge fund Third Point LLC, which holds a $1 billion stake in Intel, urged "immediate change" at the company.
Third Point CEO Daniel Loeb wrote to Intel chairman Omar Ishrak arguing that the U.S. will lose its 'leading-edge...
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