Intel Board Chair Frank Yeary to Retire After 17 Years, Craig Barratt to Succeed

Intel announced that board Chair Frank Yeary will retire after 17 years, with veteran chip executive Craig Barratt set to succeed him following the annual shareholder meeting in May. Yeary, who became chair in 2023, oversaw four CEO transitions and navigated challenges including Intel's manufacturing decline and competition from TSMC. CEO Lip-Bu Tan's leadership has prompted board changes and a strategic focus on manufacturing revival and organizational simplification. Some analysts view Yeary's departure as overdue amid past company decisions.