Summary
Intel Corporation announced a key leadership change within its finance department via an 8-K filing on October 5, 2021. Kevin T. McBride, Vice President of Finance, Corporate Controller, and principal accounting officer, has resigned from his position, effective October 31, 2021, to pursue other career opportunities. This departure marks a transition for the company's financial reporting and oversight. Following Mr. McBride's resignation, George S. Davis, Intel's Executive Vice President and Chief Financial Officer, will assume the role of principal accounting officer in addition to his existing responsibilities as principal financial officer. Mr. Davis brings extensive financial leadership experience, having previously held CFO positions at Qualcomm Inc. and Applied Materials, Inc. His broadened responsibilities suggest a consolidation of financial leadership under his purview during this transition period.
Key Highlights
- 1Kevin T. McBride, VP of Finance, Corporate Controller, and principal accounting officer, is resigning.
- 2Mr. McBride's resignation is effective October 31, 2021.
- 3Mr. McBride is leaving to pursue another career opportunity.
- 4George S. Davis, EVP and Chief Financial Officer, will assume the role of principal accounting officer.
- 5Mr. Davis will hold both the principal financial officer and principal accounting officer roles.
- 6Mr. Davis has significant financial leadership experience, including CFO roles at Qualcomm and Applied Materials.