Intel has announced the appointment of George S. Davis as executive vice president and chief financial officer (CFO), effective April 3. Davis takes over from Robert (Bob) Swan who was appointed permanent CEO after acting as Interim CEO for 7 months following the departure of Brian Krzanich. Krzanich resigned because of a violation of Intel’s non-fraternization policy, which forbids managers from dating employees.
“I know George is a world-class CFO, leader and team-builder,” said Bob Swan, Intel CEO. “He is a great addition to our leadership team and will help us execute our growth strategy in pursuit of the biggest data-driven market opportunity Intel has ever had. Our owners can expect a continued disciplined approach to capital allocation and a relentless focus on creating stockholder value.”
Davis, 61, joins Intel from Qualcomm, where he served as executive vice president and CFO since March 2013. At Intel, Davis will report to Swan and oversee Intel’s global finance organization, including finance, accounting and reporting, tax, treasury, internal audit and investor relations. He will also oversee Intel’s information technology (IT) organization.