Former CFO of Ebay is appointed as CFO of Intel.
Intel has appointed Robert Bob Swan as executive vice president and chief financial officer CFO .
The new position will take effect from early October 2016.
Swan, former finance chief at Ebay, from March 2006 to July 2015, will be overseeing Intel s finance, internal technology and strategy offices whilst reporting to Intel CEO Brian Krzanich.
Having joined Intel from growth equity firm General Atlantic, Swan replaces Stacy Smith, who is to take a broader role within Intel leading manufacturing, sales and operations after serving nine years as Intel s CFO.
According to a company filing, Swan is to receive a hiring bonus of $5.5 million and a starting salary of $850,000.