Intel May Choose New CEO This Month: Report


Intel's board may choose the company's next CEO ahead of its fourth-quarter earnings report next week after undergoing an extensive search that has resulted in multiple candidates getting ruled out.

That's according to a Monday report from Bloomberg, which cited people who were familiar with the process. One person told the publication that the Santa Clara, Calif.-based company's board of directors is trying to decide before its fourth-quarter report on Jan. 24, meaning a decision could be made within nine days.

[Related: Watch Out, Intel: AMD To Release 7nm Ryzen, EPYC CPUs In Mid-2019]

Intel did not immediately respond to a request for comment from CRN. The company declined to provide a comment to Bloomberg.

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The search for a new CEO began after former Intel leader Brian Krzanich resigned last June for violating the company's non-fraternization policy. Bob Swan, the company's CFO, has led the company in the interim and has repeatedly said he is not interested in taking the permanent CEO role.

"I love my day job as the CFO," Swan told CNBC last week. "We believe this is the best open job on the planet, and the management team has told the board, 'Take your time, find somebody great, in the meantime, we'll be just fine kind of running the company.' It's a very exciting time for us."

Bloomberg reported that former Globalfoundires Inc. CEO Sanjay Jha, former Intel and Qualcomm executive Anand Chandrasekher, and former Intel executive Renee James are no longer in the running. The report stated that other candidates have been passed over or been rejected by Intel.

Intel may end up hiring a "non-traditional" candidate as CEO, Bloomberg reported Chairman Andy Bryant as telling some employees—a sign that the semiconductor giant may break with tradition and hire someone from outside for the first time.

Other executives that have been previously cited as candidates include Intel Chief Engineering Officer Venkata Murthy Renduchintala and Intel data center head Navin Shenoy, who have both been on the company's recent earnings calls. They have also included former Google Cloud COO Diane Bryant, an Intel veteran who left Google last year; former Intel manufacturing exec Stacy Smith, who became executive chairman of Toshiba Memory Corp. last fall; and Qualcomm President Cristiano R. Amon.

Krzanich re-entered the workforce last November when he was hired as CEO of CDK Global, a Hoffman Estates, Ill.-based auto dealer software firm.