Intel board elects Craig Barratt as chair, Frank Yeary to retire

Intel Corporation (NASDAQ: INTC) announced that its board of directors 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.

Yeary has served as a director since 2009 and as chair since 2023. The board made the announcement in a press release statement.

"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.

Barratt joined Intel's board as an independent director in November 2025. He brings more than three decades of leadership experience across the semiconductor and technology industries from companies including Qualcomm, Intel and Google.

Barratt previously served as chief executive officer of Atheros Communications, leading the company through an initial public offering and subsequent acquisition by Qualcomm, where he continued as President of Qualcomm Atheros. He later served as senior vice president of Intel's ethernet, photonics and networking businesses, joining following Intel's acquisition of Barefoot Networks, where he was chief executive officer. Barratt currently serves on the boards of Intuitive Surgical, Inc. and Astera Labs, Inc.

"The company has taken significant steps to strengthen its financial position, advance its technology and product roadmap, and enhance operational discipline," said Barratt.

Since 2024, Intel has appointed four new independent directors to align the board's composition with the company's strategic priorities in technology leadership, operational excellence and capital discipline.

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