Former eBay CFO Bob Swan Named New Intel Finance Chief
September 19 2016 - 5:20PM
Dow Jones News
Intel Corp. said veteran finance executive Bob Swan would be its
next CFO, ending months of speculation as to who would replace
long-time finance chief Stacy Smith.
Mr. Swan was the CFO of eBay Inc. for nine years, leaving the
company after helping to spin out its PayPal operations last year.
Following eBay Mr. Swan went to General Atlantic LLC, a growth
equity firm, as an operating partner.
Mr. Swan joins Intel Oct. 10. A General Atlantic spokeswoman
declined to comment on the move.
"I'm thrilled to join Intel, a company where incredible
innovation is supported by strong financial management," Swan said
in a statement.
Mr. Swan succeeds Stacy Smith, who was promoted to the chief
operating officer role in April. Mr. Smith joined Intel in 1988 and
had served as CFO since 2007. In his new role, Mr. Smith oversees
sales, manufacturing and operation, with roughly half the company's
employees reporting to him, according to chief executive Brian
Krzanich.
At eBay, Mr. Swan helped engineer the spinout of PayPal in 2015.
He has a long resume of CFO jobs. Prior to joining eBay, Mr. Swan
was CFO of Electronic Data Systems Corp., TRW Inc. and The Webvan
Group Inc. He spent 15 years at General Electric Co., serving as
finance chief for GE Lighting Solutions LLC, GE Transportation and
CFO of the European division of GE Medical Systems, according to
Factiva.
Mr. Swan sits on the boards of eBay and Applied Materials Inc.,
as well as App Dynamics and Alignment Healthcare, according to the
General Atlantic website.
(END) Dow Jones Newswires
September 19, 2016 17:05 ET (21:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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