RBC Capital Sees Smooth CFO Transition at Intel (INTC); Affirms at 'Sector Perform'

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Intel Appoints Bob Swan Executive Vice President and Chief Financial Officer

September 19, 2016 4:01 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced the appointment of Robert Bob H. Swan as executive vice president and chief financial officer (CFO), effective Oct. 10, 2016. Swan will report to Intel CEO Brian Krzanich and oversee Intels global finance and IT organizations, as well as the Corporate Strategy Office. He replaces Stacy Smith, who, as previously announced, is taking a broader role within Intel leading manufacturing, sales and operations. Smith served nine years as Intels CFO.

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