Shares of Intel Corporation (NASDAQ:INTC) ended Tuesday session in red amid volatile trading. The shares closed down -0.02 points or -0.05% at $37.14 with 24.80 million shares getting traded. Post opening the session at $37.42, the shares hit an intraday low of $36.94 and an intraday high of $37.43 and the price vacillated in this range throughout the day. The company has a market cap of $173.33 billion and the numbers of outstanding shares have been calculated to be 4.73 billion shares.
Intel Corporation (INTC) on September 20, 2016 announced the appointment of Robert “Bob” H. Swan as executive vice president and chief financial officer (CFO), effective Oct. 10, 2016. Swan will report to Intel CEO Brian Krzanich and oversee Intel’s global finance and IT organizations, as well as the Corporate Strategy Office. He replaces Stacy Smith, who, as previously announced, is taking a broader role within Intel leading manufacturing, sales and operations. Smith served nine years as Intel’s CFO.
“I’m thrilled to join Intel, a company where incredible innovation is supported by strong financial management,” Swan said.
“Bob brings a wealth of leadership and financial experience to Intel. His financial acumen and strategic insight will be welcome additions to our leadership team as Intel’s transformation continues,” Krzanich said.
Swan, 56, joins Intel from growth equity firm General Atlantic where he served as an operating partner working closely with the firm’s global portfolio companies on growth objectives. Prior to General Atlantic, he served nine years as the CFO of eBay Inc. Before that, he was CFO at Electronic Data Systems Corp and at TRW Inc. He also served as CFO, COO and CEO of Webvan Group Inc. Prior to that, Bob served in a number of senior finance roles at General Electric.
Shares of Frontier Communications Corp (NASDAQ:FTR) ended Tuesday session in red amid volatile trading. The shares closed down -0.09 points or -2.09% at $4.21 with 21.81 million shares getting traded. Post opening the session at $4.31, the shares hit an intraday low of $4.21 and an intraday high of $4.33 and the price vacillated in this range throughout the day. The company has a market cap of $4.96 billion and the numbers of outstanding shares have been calculated to be 1.17 billion shares.
Frontier Communications Corp (FTR) announced that its President and CEO, Daniel J. McCarthy, is scheduled to present at the Goldman Sachs 25th Annual Communacopia Conference in New York, N.Y. on September 21, 2016 at 9:40 a.m. Eastern Time.
A live webcast will be available at Frontier’s Investor Relations website under “Webcasts and Presentations.”