https://wccftech.com/intel-appoints-pat-gelsinger-as-ceo-company-shares-soar-during-trading/

Chipmaker Intel Corporation has confirmed that its current chief executive officer (CEO) Mr. Robert Swan will retire after February 15th. The company confirmed this through a press release which also stated that Intel expects to beat its expectations for the fourth quarter of the fiscal year 2020 as it is due to report earnings results later this month on the 21st of January.

The decision was made by Intel's board of directors and Mr. Swan will be replaced by VMware CEO Mr. Pat Gelsinger, who has also previously worked at Intel. Mr. Gelsinger left Intel to join data information security firm EMC in 2009, and prior to his departure, he was the Chief Technology Officer (CTO) at the Santa Clara chip giant.