The chipmaker recruited Gelsinger from VMWare, calling him a “highly respected CEO and industry veteran” in a release. Gelsinger, who has been VMWare’s CEO for about the past decade, will take the helm at Intel on February 15.
Swan was named Intel’s permanent CEO in January 2019 following the departure of its previous CEO Brian Krzanich, who was forced to resign in June 2018 because of a “past consensual relationship with an Intel employee.”
The suggestions in the letter — which include calls for the company to more seriously consider whether to continue making all of its chips in-house and divesting from “failed acquisitions” — could lead to major changes if Intel acts upon them.
In Wednesday’s release, Intel said its board “concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel,” adding that the change will “ensure strong execution” of Intel’s new future.
–CNN Business’ Clare Duffy contributed to this report.