The chipmaking company Intel has chosen a new Chief Executive Officer (CEO) to replace its current leader Bob Swan who has held his role for two years. That new CEO is Pat Gelsinger who’s famous for being the CEO of VMware since 2012. He’ll now leave VMware to join Intel, a company that he previously worked at in a top position.

Gelsinger is well-recognized for his leadership at VMware, during which he significantly transformed the company into a global leader in the cloud infrastructure and other related markets. During his eight-year tenure, VMware’s annual revenue grew from $4.6 billion to $10.8 billion.

Gelsinger isn’t new to Intel as he was once the Chief Technology Officer (CTO) of the chipmaking company before leaving for EMC and then VMware. Now, he’s coming back as the company’s CEO, hoping to position it strongly in an era of transformations and improvements in the semiconductor industry.

Gelsinger began his tech career at Intel and rose to become the company’s CTO before he left in 2009. At Intel, he was one of the proteges of the late Andy Grove. 

Officially, Gelsinger will assume CEO duties on the 15th of February. Swan will step down from Intel, a company that he joined four years ago as its Chief Financial Officer (CFO). 

In his two-year CEO stint, Swan fared very well monetary wise, with a compensation package of $67 million in 2019 alone.

Photo credit: Fortune Conferences, licensed under CC BY-NC-ND 2.0

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