Qualcomm executive Davis heads to Intel as new CFO

The new hire comes as Intel continues to expand its business beyond the PC market and into other data-centric sectors. (Walden Kirsch/Intel Corporation)

Intel has tapped Qualcomm’s George S. Davis to serve as EVP and CFO. Davis is leaving his position as EVP and CFO at rival Qualcomm to join the Intel team.

In his new role, Davis will oversee Intel’s global finance organization, including finance, accounting and reporting, tax, treasury, internal audit and investor relations. He will also oversee Intel’s information technology (IT) organization, according to a statement.

Davis is stepping into the position vacated by Bob Swan, whom Intel appointed as CEO in January 2019. Swan had been serving as Intel’s interim CEO for seven months, after Brian Krzanich stepped down from the position after the board found Krzanich’s relationship with a coworker to be against company policy. Intel’s Todd Underwood, VP of finance and director of Intel’s corporate planning and reporting, had assumed the role of CFO in the interim.

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.

The new hire comes as Intel continues to expand its business beyond the PC market and into other data-centric sectors. Swan said the addition of Davis to the Intel team “will help us execute our growth strategy in pursuit of the biggest data-driven market opportunity Intel has ever had.”

RELATED: Intel's data center chips prepared it for innovations in the RAN

Davis served as Qualcomm’s CFO for six years.The mobile chipmaker’s board of directors have appointed David Wise, SVP and treasurer, as interim CFO, while the company looks for a permanent replacement.

The appointment marks something of a reunion for Davis and Swan. Prior to working at Qualcomm, Davis was CFO of Applied Materials Inc, a semiconductor equipment company, at the same time that Swan served on the company’s board, according to CNBC.

Read more on

Suggested Articles

The NTIA's Institute for Telecommunication Sciences released final test reports on Thursday to commercial entities that participated in spectrum sharing…

With a final decision reportedly expected next week on T-Mobile and Sprint’s proposed $26.5 billion merger, MoffettNathanson analysts indicated a "no deal…

Qualcomm plans to fight back after the European Commission on Thursday slapped the chip maker with a $272 million fine for what competition authorities called…