Craig Barratt To Succeed Frank Yeary As Chair On Intel Board Of Directors

Barratt is a longtime semiconductor authorities and entrepreneur who will carry better than three a very long time of experience to the operate.

Intel has launched that following the organisation’s Annual Stockholders meeting in Might of this 12 months, Dr Craig Barratt will succeed Frank Yeary as an unbiased chair on its Board of Directors. Yeary has sat on the board for 17 years and received’t stand for reelection in 2026. 

Having joined the board as an unbiased director in 2025, Barrett brings better than thirty years of administration experience all through the semiconductor and know-how industries from firms similar to Qualcomm, Intel and Google. He was beforehand the CEO of Atheros Communications, the place he led the company through a worthwhile IPO and subsequent acquisition by Qualcomm. 

He moreover operated as a result of the senior-vice president of Intel’s ethernet, photonics and networking corporations, having joined the company following its acquisition of Barefoot Networks. Presently he serves on the boards of Intuitive Surgical and Astera Labs.

4 new unbiased directors have been appointed to Intel’s board since 2024. The organisation has outlined {{that a}} refreshed viewpoint is consistent with plans in order so as to add directors which have the skills and experience to create alternate options, navigate challenges and help Intel’s evolving method and long-term stockholder pursuits.

Lip-Bu Tan, the CEO of Intel, thanked Yeary for his strong administration over time and his strong dedication to his operate as chair “all through one of many consequential durations in Intel’s historic previous”. 

He acknowledged “Frank led the difficulty to hold me in as the company’s CEO, impressed disciplined board oversight, and bolstered strong board governance.

“Collectively along with his and the board’s help, I’ve been empowered to take decisive actions to strengthen our financial foundation, advance our course of roadmap and place the company for long-term competitiveness. His administration helped data Intel through a interval of transformation and onto firmer footing for the next half.”

Yeary added, “Reinventing Intel is a disciplined, multi-year effort to revive execution excellence, strengthen the financial foundation and reestablish the innovation engine that has prolonged outlined this agency. I’m grateful to have been part of the board’s work, notably over the last 18 months, which has marked a vital step on that journey.”

Commenting on Barratt’s appointment, Tan acknowledged, “Craig brings deep semiconductor expertise and a sturdy file of know-how and operational administration in superior, engineering-driven corporations.

“As we enter our subsequent half, centered on disciplined execution, product administration and foundry progress, his experience shall be instrumental in supporting administration and driving sustainable long-term price for stockholders.”

In late February, Intel Foundry’s senior vice-president and regular supervisor Kevin O’Buckley launched that he’s leaving the organisation to hitch Qualcomm, the place he shall be in charge of major the company’s semiconductor operations. In his new operate, O’Buckley shall be reporting on to Qualcomm’s authorities vice-president, CFO and COO Akash Palkhiwala.

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