Intel’s Boardroom Changes Keep Coming

This article first appeared on GuruFocus.

Intel (NASDAQ:INTC) is about to see another shift in its boardroom. Longtime director and current board chair Frank Yeary said he plans to step down after the company’s annual shareholder meeting on May 13, 2026, bringing an end to a 17-year stint on Intel’s board.

Yeary joined the board back in 2009 and later became chair in 2023, a period when Intel was going through major strategic changes and leadership transitions in the fast moving semiconductor industry. During that stretch, the company was trying to reset its position in chips, especially as competition intensified around AI and advanced manufacturing.

Intel said Dr. Craig H. Barratt, who joined the board in late 2025, will take over as chair once Yeary departs. Barratt has spent decades in the technology and semiconductor world, including leadership roles at Qualcomm (NASDAQ:QCOM) and Google (NASDAQ:GOOG).