Intel announced that Frank D. Yeary, Chair of the board of directors, will retire and not stand for reelection at the company's 2026 Annual Meeting. The board has elected current independent director Dr. Craig H. Barratt to succeed Yeary as the new independent Chair, effective after the meeting.
Key Details
- Leadership Transition: Frank D. Yeary will retire, and Dr. Craig H. Barratt will become the new independent Chair of the Board.
- Effective Date: The change in leadership will take place following Intel's Annual Stockholders' Meeting on May 13, 2026.
- Board Composition: Following Yeary's retirement, the size of Intel's Board will be reduced from twelve to eleven directors.