Intel has promoted its chief financial officer (CFO) Robert (Bob) Swan to CEO. Robert Swan had served as the Intel interim CEO for the past seven months after former Intel CEO Brian Krzanich left the company in 2018. Mr. Swan is the seventh CEO in Intel's 50-year history. Robert Swan has been elected to the Intel board of directors. Todd Underwood has been promoted to interim CFO as the company searches for a permanent CFO. Intel CEO Robert Swan's email to employees entitled "Driving Intel Forward" can be read here. The markets are having mixed reactions to the announcement. "In my role as interim CEO, I've developed an even deeper understanding of Intel's opportunities and challenges, our people and our customers," Swan said. "When I was first named interim CEO, I was immediately focused on running the company and working with our customers. When the board approached me to take on the role permanently, I jumped at the chance to lead this special company. This is an exciting time for Intel: 2018 was an outstanding year and we are in the midst of transforming the company to pursue our biggest market opportunity ever. I'm honored to have the chance to continue working alongside our board, our leadership team, and our more than 107,000 superb employees as we take the company forward."