General Atlantic’s operating partner Bob Swan is leaving the private equity firm to join Intel Corporation as executive vice president and chief financial officer, according to a statement from Intel.
Swan will begin his new position on 10 October and will be responsible for the technology company’s finance, IT, and corporate strategy.
He will replace Stacy Smith, who had been Intel’s CFO for nine years and is moving into a new role to lead manufacturing, sales, and operations.
Swan joined growth equity firm General Atlantic as an operating partner in September 2015 and worked within the firm's resources group, which supports global portfolio companies operationally and functionally. He was tasked with helping companies grow through strategic M&As and the development of their finance functions, and has also worked with the firm’s investment team in the internet and technology sector.
Before joining General Atlantic, Swan was a senior vice president of finance and CFO at eBay for nearly a decade. Earlier in his career, he was an executive vice president and CFO at Electronic Data Systems Corporation and executive vice president and CFO at TRW, an aerospace company that became defunct in 2002.
Read the recent interview by PEI’s sister publication private funds management with Bob Swan on the role of CFOs at private equity-backed companies.