Three Intel board members to retire in latest shakeup amid turnaround
The Hindu
Three Intel board members will not stand for re-election at its 2025 annual meeting.
Three Intel board members will not stand for re-election at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan.
Since late last year, the company has been reshuffling its board to make it more chip industry focused as it attempts to reclaim its lost glory under new leadership.
The latest move will shrink the size of the board to 11.
The members retiring include Omar Ishrak, former CEO of medical device maker Medtronic, who had in January 2023 stepped down as Intel's chairperson but stayed on as a director.
Tsu-Jae King Liu, a dean at the College of Engineering at the University of California, Berkeley, and Risa Lavizzo-Mourey, a former professor of population health and health equity at the University of Pennsylvania, are the others leaving the board.
Meanwhile, Intel bolstered its board through the appointments of Eric Meurice, former CEO of chipmaking equipment provider ASML, and Steve Sanghi, interim CEO of Microchip Technology, in December.
The appointments followed the ouster of former CEO Pat Gelsinger.
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