“The expectation drilled into me early in my career at General Electric(GE) was that the role of finance is not about counting the beans — it’s about helping the beans grow.”
This is what Bob Swan said after getting felicitated by the Industry leadership award from his undergraduate alma mater in 2017. Indeed, while working for General Motors, he foresees his bright future in the finance field and worked diligently to reach the vantage point of his career.
Now, he is the CEO of the Intel. Inc.
Bob Swan was born as Robert (Bob) H Swan on 9 May 1960 at Upstate, New York. He completed his bachelor’s degree from the University at Buffalo and pursued his MBA degree from Binghamton University.
CEO Of Intel Corporation
Bob Swan is a chief executive officer of Intel Inc., and he also works on its board of directors. He was appointed as the CEO of Intel on 31 January 2019. Before getting promoted for the CEO Post, he served as the interim CEO of Intel for seven months.
He carried this responsibility after the inform CEO resigned in June 2018.
Robert (Bob) Swan posing beside his Intel Office (Photo:- venturebeat.com)
During this period, Bob held different responsibilities for Intel as Chief financial officer, including Intel’s global finance organization, mergers and acquisitions, investor relations, information technology, and other tasks.
With his academic expertise and broad ambition, Bob began his career journey from General Electric. There he carried out his finance-related tasks serving as a senior financier for 15 years. After that, he served as Chief Finance Officer for Electronic Data Systems Corp and TRW Inc.
Likewise, he also worked for Webvan Group Inc with his upgraded responsibility of Chief Finance Officer, Chief Operating Officer, and Chief Executive officer.
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Furthermore, Bob committed his nine years as Chief finance officer for the online retailing market, eBay Inc. Only in 2015, he joined General Atlantic.
Apart from carrying out the CEO responsibilities at Intel, he still serves on the board of directors at eBay.
Salary And Net Worth
The estimated net worth of Robert Swan is at least $64.1 Million as of 15 November 2019. As the CEO and director of Intel. Inc, he is annually paid $16,706,700 that includes his annual salary of $898,000, bonus packages, stock and other types of compensation.
As per Business Insider, it was stated that Bob swan is likely to receive $20 Million per annum. As it was mentioned, he would receive this lucrative sum only if the company makes a profit in the preceding year.
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As expected, Company stock value reportedly increased by $1.2, and it gained revenue of $19.9 billion, as stated by CNBC news in October 2019.
Interesting Facts: Married
- After working for General Electric, he tried his luck at a start-up called Webvan. It used to deal with online groceries. However, it couldn’t fare well in the market as expected and it got shut down in 2001.
- He also worked for another startup named TRW Inc for about two years. It helped him to cast his net wide among the business community.
- He was an avid rugby player in his college days when he was pursuing his business degree from the University at Buffalo in 1983.
- Talking about his family, he is a married man and lives happily with his wife and two children.