Blog Exposure – Brian Krzanich CEO and Intel Veteran Steps Down for Violating Intel’s Non-Fraternization Policy; Robert Swan Appointed as Interim CEO

LONDON, UK / ACCESSWIRE / June 26, 2018 / If you want access to our free research report on Intel Corp. (NASDAQ: INTC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=INTC as the Company’s latest news hit the wire. On June 21, 2018, the Company disclosed that Brian Krzanich, the current Chief Executive Officer (CEO) and member of its Board of Directors, has decided to step down from his position. The Company’s Board has appointed Robert (Bob) Swan, the current Chief Financial Officer (CFO), as the interim CEO. Both changes are effective immediately. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Intel most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=INTC

Commenting on the changes in the Company’s top leadership, Andy Bryant, Chairman, Intel, said:

“The Board believes strongly in Intel’s strategy and we are confident in Bob Swan’s ability to lead the Company as we conduct a robust search for our next CEO. Bob has been instrumental to the development and execution of Intel’s strategy, and we know the Company will continue to smoothly execute. We appreciate Brian’s many contributions to Intel.”

The Company will be considering both internal and external candidates while identifying the right CEO candidate. In the meantime, the Company plans to retain a leading executive search firm for this purpose.

Reason Behind Krzanich’s Exit

Krzanich’s decision comes in after he recently brought to the notice of the Company that he had a past consensual relationship with an Intel employee. The Company’s internal and external counsel’s investigation confirmed that Krzanich had violated Intel’s non-fraternization policy. The non-fraternization policy is applicable to all managers of the Company. The Company’s Board accepted Krzanich’s resignation as his behavior was not in compliance with its expectations that all employees respect its values and adhere to its code of conduct.

Krzanich joined Intel in 1982 and progressed from a series of technical and leadership roles to becoming Intel’s Chief Operating Officer (COO) in January 2012. He was appointed as CEO in May 2013 and was the sixth CEO of the Company since its founding in 1968. During his tenure, the Company made the important transition from being a dominant computer chip Company to expanding into new high growth areas of 5G, autonomous cars, Internet of Things (IoT), and artificial intelligence (AI).

About Robert (Bob) Swan

Swan will take over as the interim CEO until such time that the Board identifies the right candidate for the position. In his new role as interim CEO, Swan will be working closely with the Company’s senior leadership team and manage its operations. Swan has been with Intel since October 2016 as its Executive Vice President and CFO. Prior to joining Intel, he was with General Atlantic LLC, a global growth equity investment firm, as their Operating Partner. Swan has worked in senior level finance positions with Companies like eBay, Electronic Data Systems Corp., TRW Inc., and Webvan Group Inc. He started his career with General Electric Co. in 1985, and held several senior finance roles during his 15-year stint with the Company. Swan has a bachelor’s degree in Business Administration from the University of Buffalo and a MBA degree from Binghamton University.

Intel is confident of continuing its growth streak and maintaining its outstanding financial results. For Q2 2018, the Company expects to deliver revenues of approximately $16.9 billion and non-GAAP EPS of approximately $0.99. The Company’s transition into a data-centric Company will enable it to exceed its outlook for FY18. The Company will be announcing its results for Q2 2018 and guidance for H2 2018 on July 26, 2018.

About Intel Corp.

Santa Clara, California-based Intel is an international technology Company specializing in semiconductor design and manufacturing. The Company has been at the center of PC innovation throughout its history and offers a range of products and technology that enables greater connectivity and enhanced performance for connected devices. The Company is powering the future of computing, connectivity, and communications through advanced innovations in client computing, AI, IoT, and 5G network transformation. The Company has a presence in over 58 countries worldwide and is supported by a global team of over 107,000 employees.

Stock Performance Snapshot

June 25, 2018 – At Monday’s closing bell, Intel’s stock fell 3.41%, ending the trading session at $50.71.

Volume traded for the day: 39.34 million shares, which was above the 3-month average volume of 28.38 million shares.

Stock performance in the previous six-month period – up 8.45%; past twelve-month period – up 48.32%; and year-to-date – up 9.86%

After yesterday’s close, Intel’s market cap was at $240.63 billion.

Price to Earnings (P/E) ratio was at 14.69.

The stock has a dividend yield of 2.37%.

The stock is part of the Technology sector, categorized under the Semiconductor – Broad Line industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors

ReleaseID: 503709