Intel hires Robert Swan from General Atlantic as CFO

Intel Corp named Robert Swan chief financial officer, replacing company veteran Stacy Smith who is moving to a new role leading sales, manufacturing and operations.

The world's largest chipmaker said earlier this year that Smith, who has been Intel's chief financial officer for nearly a decade, would shift to a new role.

Swan, 56, joins from private equity firm General Atlantic and will oversee global finance and IT organizations, as well as corporate strategy office, Intel said on Monday.

He will take up his new role, effective Oct. 10.