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Intel Names Craig H. Barratt Independent Chair as Frank D. Yeary Retires After May Meeting

The move continues an intentional board refresh to support Intel’s execution-focused turnaround.

Overview

  • Barratt will assume the role following Intel’s Annual Stockholders’ Meeting on May 13, 2026.
  • Frank D. Yeary, a director since 2009 and chair since 2023, will retire from the board and not stand for reelection.
  • Intel CEO Lip-Bu Tan credited Yeary with strengthening governance and leading the effort to recruit him as chief executive.
  • Barratt joined the board in November 2025 and brings semiconductor leadership experience from Atheros, Qualcomm Atheros, Intel, and board roles at Intuitive Surgical and Astera Labs.
  • Intel highlighted progress on its technology roadmap, including Intel 18A and 14A, and noted that since 2024 it has added four new independent directors to align skills with strategy.