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Intel's CFO leaves

Intel CFO George Davis will retire in May 2022, the chip maker said Thursday. He will be Intel’s fourth-highest paid executive to leave the company, underscoring the significant leadership changes at the semiconductor giant since 2020.

The Santa Clara, California-based company made its third-quarter results the announcement and stated that Davis will remain in the position of CFO until the chip maker finds a successor

In April 2019, Intel appointed Davis CFO and Executive Vice President, the former CFO of the chip maker, As the successor to Bob Swan, who became CEO three months earlier. Swan resigned as Intel CEO in February this year and was replaced by Pat Gelsinger

As CFO, Davis is responsible for overseeing the company’s global financial organization, which includes accounting and reporting, taxation, finance, internal control and investor relations. He’s also responsible for Intel’s IT organization, the company said earlier.

The other three highest paid executives of 2020 – former data center manager Navan Shenoy and former technical director of Venkata “Murthy” Renduchintala – He left the company for 14 months, a good indication of Intel’s significant leadership changes since last year.

Prior to joining Intel, Davis was CFO and Executive Vice President of Qualcomm, where the company’s global financial organization led his investor relations team and IT organization. He was also a member of Qualcomm’s Executive Committee, which manages the company’s global strategy.

Prior to joining Qualcomm, Davis was CFO of Applied Materials in Santa Clara, California, which specializes in semiconductor and flat panel displays. supplier of equipment and services for the industrial industry

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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