Intel Corporation has announced the appointment of Dr. Craig H. Barratt as its new 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 after a decade of service.
Key Insights at a Glance
- Leadership Transition: Dr. Craig H. Barratt will take over as independent chair, succeeding Frank D. Yeary.
- Board Refreshment: Intel has appointed four new independent directors since 2024.
- Strategic Focus: The company is emphasizing disciplined execution, product leadership, and foundry progress.
- Financial Strength: Significant steps have been taken to strengthen Intel’s financial position and technology roadmap.
Strengthening Board Leadership
Dr. Craig H. Barratt, a seasoned leader with over three decades of experience in the semiconductor and technology industries, will assume the role of independent chair. Barratt’s extensive background includes leadership positions at Qualcomm, Intel, and Google, making him well-suited to guide the company through its next phase of growth. His appointment comes as Intel continues to focus on disciplined execution and product leadership.
Recognizing Frank D. Yeary’s Contributions
Frank D. Yeary, who has served as a director since 2009 and as chair since 2023, is retiring from the board. Yeary played a crucial role in Intel’s transformation, leading the effort to bring in Lip-Bu Tan as CEO and reinforcing strong board governance. “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 of Intel.
Aligning with Strategic Priorities
Since 2024, Intel has appointed four new independent directors, aligning the board’s composition with the company’s strategic priorities in technology leadership, operational excellence, and capital discipline. This intentional refreshment ensures that the board has the skills and perspectives needed to support Intel’s evolving strategy and long-term stockholder interests. “Craig brings deep semiconductor expertise and a strong record of technology and operational leadership in complex, engineering-driven businesses,” Tan added.
Future Outlook
With a stronger balance sheet and meaningful progress across its technology and product roadmap, Intel is well-positioned for the next phase of its journey. Dr. Barratt’s leadership will be instrumental in supporting management and driving sustainable long-term value for stockholders. “The company has taken significant steps to strengthen its financial position, advance its technology and product roadmap, and enhance operational discipline,” said Barratt. “I’m honored to lead the board’s continued focus on supporting rigorous execution, investing in and scaling U.S.-anchored R&D and manufacturing, and ensuring Intel is well positioned to compete and win in the years ahead.”
Conclusion
Intel’s leadership transition marks a pivotal moment in the company’s ongoing transformation. With Dr. Craig H. Barratt at the helm, Intel is poised to build on its recent successes and continue its journey toward long-term competitiveness and innovation. Join the conversation in the comments below.
About Intel
Intel (Nasdaq: INTC) 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.
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