
Intel Corporation today announced that its board of directors has elected Dr. Craig H. Barratt as independent chair, effective following the company&#39;s Annual Stockholders&#39; Meeting on May 13, 2026. Barratt will succeed

<p xmlns="http://www.w3.org/1999/xhtml">
Intel Corporation today announced that its board of directors has elected Dr. Craig H. Barratt as independent chair, effective following the company's Annual Stockholders' Meeting on May 13, 2026. Barratt will succeed Frank D. Yeary, who is retiring from the board and will not stand for reelection at the Annual Meeting. Yeary has served as a director since 2009 and as chair since 2023.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"On behalf of the board and the entire company, I want to thank Frank for his commitment to Intel and his strong leadership as chair during one of the most consequential periods in Intel's history," said Lip-Bu Tan, CEO, Intel. "Frank led the effort to bring me in as the company's CEO, encouraged disciplined board oversight, and reinforced strong board governance. With his and the board's support, I have been empowered to take decisive actions to strengthen our financial foundation, advance our process roadmap and position the company for long-term competitiveness. His leadership helped guide Intel through a period of transformation and onto firmer footing for the next phase."

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Reinventing Intel is a disciplined, multi-year effort to restore execution excellence, strengthen the financial foundation and reestablish the innovation engine that has long defined this company. I'm grateful to have been part of the board's work, particularly over the last 18 months, which has marked a critical step on that journey," said Yeary.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Appointing Lip-Bu Tan as CEO has been and will be critical to our success. The board worked with Lip-Bu from the outset of his tenure - aligning on priorities, refocusing and clarifying Intel's strategy, and reinforcing an engineering-centric and customer-focused culture grounded in performance and customer commitment," Yeary continued. "With a stronger balance sheet, meaningful progress across our roadmap – including Intel 18A and 14A – and a clear path forward under Lip-Bu, this is the appropriate time for me to step down as chair and from the board and transition leadership to a new independent chair."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Barratt joined the board as an independent director in November 2025 and brings more than three decades of leadership experience across the semiconductor and broader technology industries from companies including Qualcomm, Intel and Google. He previously served as chief executive officer of Atheros Communications, a pioneer in wireless semiconductor technology where he led the company through a successful IPO and subsequent acquisition by Qualcomm, where he continued as President, Qualcomm Atheros. Later, he served as senior vice president of Intel's ethernet, photonics and networking businesses, joining the company following its acquisition of Barefoot Networks, where he was chief executive officer. Barratt currently serves on the boards of Intuitive Surgical, Inc. and Astera Labs, Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Craig brings deep semiconductor expertise and a strong record of technology and operational leadership in complex, engineering-driven businesses," Tan added. "As we enter our next phase – focused on disciplined execution, product leadership and foundry progress – his experience will be instrumental in supporting management and driving sustainable long-term value for stockholders."

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The company has taken significant steps to strengthen its financial position, advance its technology and product roadmap, and enhance operational discipline," said Barratt. "The board thanks Frank for his leadership and for helping position Intel for this next phase. I'm honored to lead the board's continued focus on supporting rigorous execution, investing in and scaling U.S.-anchored R&amp;D and manufacturing, and ensuring Intel is well positioned to compete and win in the years ahead."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Since 2024, Intel has appointed four new independent directors, further aligning the board's composition with the company's strategic priorities in technology leadership, operational excellence and capital discipline. The board has been intentional in its refreshment efforts, adding directors with skills and backgrounds to map to the future opportunities and challenges the company faces, as well as the experience and perspectives to support Intel's evolving strategy and long-term stockholder interests.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About Intel</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>) designs and manufactures advanced semiconductors that connect and power the modern world. Every day, our engineers create new technologies that enhance and shape the future of computing to enable new possibilities for every customer we serve. Learn more at intel.com.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#xA9; Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260303023979r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260303023979/en/" rel="nofollow">https://www.businesswire.com/news/home/20260303023979/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Sophie Metzger
<br xmlns="http://www.w3.org/1999/xhtml"></br>Media Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:sophie.metzger@intel.com" shape="rect">sophie.metzger@intel.com</a>

</p>

INTC

Intel Board Chair Frank D. Yeary to Retire Following Annual Meeting; Dr. Craig H. Barratt Elected as Chair

Intel Appoints Dr. Craig Barratt as New Independent Chair

Intel ​said on Tuesday that ‌board chair Frank Yeary plans to retire following ​the company's annual...

Intel board chair Frank Yeary to depart

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Intel Corporation today announced that its board of directors has elected Dr. Craig H. Barratt as independent chair, effective following the company&amp;#39;s Annual Stockholders&amp;#39; Meeting on May 13, 2026. Barratt will succeed</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Intel has announced Dr. Craig Barratt will become the independent chair after Frank Yeary retires. This transition signals a commitment to strengthen leadership and execution in a critical growth phase for the company.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Dr. Craig Barratt elected as independent chair, effective May 13, 2026.</li><li>Frank Yeary, current chair, retires after serving since 2009.</li><li>Barratt brings over 30 years of semiconductor industry experience.</li><li>Intel focuses on execution, financial strength, and technology leadership.</li><li>Board refreshment aligns with Intel&#039;s strategic priorities since 2024.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Qualcomm (QCOM)</strong>: Barratt&#039;s past role may strengthen ties between Intel and Qualcomm.</li><li><strong>Google (GOOGL)</strong>: Barratt&#039;s experience in tech could facilitate partnerships.</li><li><strong>Atheros Communications (N/A)</strong>: Past leadership highlights Barratt&#039;s operational success in semiconductors.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under Corporate Developments as it involves a significant leadership transition at Intel, potentially impacting the company&#039;s strategy and operations moving forward.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Leadership change could improve investor confidence in Intel&#039;s strategic direction.</li><li>New chair&#039;s background may attract further investment into the company.</li><li>Transition to Barratt reflects a commitment to executing Intel&#039;s technology roadmap.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Dr. Barratt will take office on May 13, 2026.</li><li>Frank Yeary has served on the board since 2009.</li><li>Barratt has 30 years of semiconductor industry experience.</li><li>Intel aims to improve financial stability with operational discipline.</li><li>Four new independent directors have been added since 2024.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider buying INTC as leadership changes may enhance operational performance in the near term.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Intel Corporation today announced that its board of directors has elected Dr. Craig H. Barratt as independent chair, effective following the company's Annual Stockholders' Meeting on May 13, 2026. Barratt will succeed Frank D. Yeary, who is retiring from the board and will not stand for reelection at the Annual Meeting. Yeary has served as a director since 2009 and as chair since 2023.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"On behalf of the board and the entire company, I want to thank Frank for his commitment to Intel and his strong leadership as chair during one of the most consequential periods in Intel's history," said Lip-Bu Tan, CEO, Intel. "Frank led the effort to bring me in as the company's CEO, encouraged disciplined board oversight, and reinforced strong board governance. With his and the board's support, I have been empowered to take decisive actions to strengthen our financial foundation, advance our process roadmap and position the company for long-term competitiveness. His leadership helped guide Intel through a period of transformation and onto firmer footing for the next phase."

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Reinventing Intel is a disciplined, multi-year effort to restore execution excellence, strengthen the financial foundation and reestablish the innovation engine that has long defined this company. I'm grateful to have been part of the board's work, particularly over the last 18 months, which has marked a critical step on that journey," said Yeary.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Appointing Lip-Bu Tan as CEO has been and will be critical to our success. The board worked with Lip-Bu from the outset of his tenure - aligning on priorities, refocusing and clarifying Intel's strategy, and reinforcing an engineering-centric and customer-focused culture grounded in performance and customer commitment," Yeary continued. "With a stronger balance sheet, meaningful progress across our roadmap – including Intel 18A and 14A – and a clear path forward under Lip-Bu, this is the appropriate time for me to step down as chair and from the board and transition leadership to a new independent chair."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Barratt joined the board as an independent director in November 2025 and brings more than three decades of leadership experience across the semiconductor and broader technology industries from companies including Qualcomm, Intel and Google. He previously served as chief executive officer of Atheros Communications, a pioneer in wireless semiconductor technology where he led the company through a successful IPO and subsequent acquisition by Qualcomm, where he continued as President, Qualcomm Atheros. Later, he served as senior vice president of Intel's ethernet, photonics and networking businesses, joining the company following its acquisition of Barefoot Networks, where he was chief executive officer. Barratt currently serves on the boards of Intuitive Surgical, Inc. and Astera Labs, Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Craig brings deep semiconductor expertise and a strong record of technology and operational leadership in complex, engineering-driven businesses," Tan added. "As we enter our next phase – focused on disciplined execution, product leadership and foundry progress – his experience will be instrumental in supporting management and driving sustainable long-term value for stockholders."

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The company has taken significant steps to strengthen its financial position, advance its technology and product roadmap, and enhance operational discipline," said Barratt. "The board thanks Frank for his leadership and for helping position Intel for this next phase. I'm honored to lead the board's continued focus on supporting rigorous execution, investing in and scaling U.S.-anchored R&amp;D and manufacturing, and ensuring Intel is well positioned to compete and win in the years ahead."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Since 2024, Intel has appointed four new independent directors, further aligning the board's composition with the company's strategic priorities in technology leadership, operational excellence and capital discipline. The board has been intentional in its refreshment efforts, adding directors with skills and backgrounds to map to the future opportunities and challenges the company faces, as well as the experience and perspectives to support Intel's evolving strategy and long-term stockholder interests.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About Intel</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>) designs and manufactures advanced semiconductors that connect and power the modern world. Every day, our engineers create new technologies that enhance and shape the future of computing to enable new possibilities for every customer we serve. Learn more at intel.com.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#xA9; Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260303023979r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260303023979/en/" rel="nofollow">https://www.businesswire.com/news/home/20260303023979/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Sophie Metzger
<br xmlns="http://www.w3.org/1999/xhtml"></br>Media Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:sophie.metzger@intel.com" shape="rect">sophie.metzger@intel.com</a>

</p>

Intel has announced Dr. Craig Barratt will become the independent chair after Frank Yeary retires. This transition signals a commitment to strengthen leadership and execution in a critical growth phase for the company.

Intel Board Chair Frank D. Yeary to Retire Following Annual Meeting; Dr. Craig H. Barratt Elected as Chair

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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