Barratt is a longtime semiconductor government and entrepreneur who will carry greater than three a long time of expertise to the function.
Intel has introduced that following the organisation’s Annual Stockholders assembly in Could of this 12 months, Dr Craig Barratt will succeed Frank Yeary as an unbiased chair on its Board of Administrators. Yeary has sat on the board for 17 years and won’t stand for reelection in 2026.
Having joined the board as an unbiased director in 2025, Barrett brings greater than thirty years of management expertise throughout the semiconductor and know-how industries from corporations comparable to Qualcomm, Intel and Google. He was beforehand the CEO of Atheros Communications, the place he led the corporate via a profitable IPO and subsequent acquisition by Qualcomm.
He additionally operated because the senior-vice president of Intel’s ethernet, photonics and networking companies, having joined the corporate following its acquisition of Barefoot Networks. Presently he serves on the boards of Intuitive Surgical and Astera Labs.
4 new unbiased administrators have been appointed to Intel’s board since 2024. The organisation has defined {that a} refreshed viewpoint is in step with plans so as to add administrators which have the talents and expertise to create alternatives, navigate challenges and assist Intel’s evolving technique and long-term stockholder pursuits.
Lip-Bu Tan, the CEO of Intel, thanked Yeary for his robust management over time and his robust dedication to his function as chair “throughout one of the consequential durations in Intel’s historical past”.
He stated “Frank led the trouble to carry me in as the corporate’s CEO, inspired disciplined board oversight, and bolstered robust board governance.
“Together with his and the board’s assist, I’ve been empowered to take decisive actions to strengthen our monetary basis, advance our course of roadmap and place the corporate for long-term competitiveness. His management helped information Intel via a interval of transformation and onto firmer footing for the following part.”
Yeary added, “Reinventing Intel is a disciplined, multi-year effort to revive execution excellence, strengthen the monetary basis and reestablish the innovation engine that has lengthy outlined this firm. I’m grateful to have been a part of the board’s work, notably during the last 18 months, which has marked a crucial step on that journey.”
Commenting on Barratt’s appointment, Tan stated, “Craig brings deep semiconductor experience and a robust file of know-how and operational management in advanced, engineering-driven companies.
“As we enter our subsequent part, centered on disciplined execution, product management and foundry progress, his expertise shall be instrumental in supporting administration and driving sustainable long-term worth for stockholders.”
In late February, Intel Foundry’s senior vice-president and normal supervisor Kevin O’Buckley introduced that he’s leaving the organisation to hitch Qualcomm, the place he shall be in command of main the corporate’s semiconductor operations. In his new function, O’Buckley shall be reporting on to Qualcomm’s government vice-president, CFO and COO Akash Palkhiwala.
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