After 17 Years, Intel Board Chairman Frank Yeary Announces Departure

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Intel Board Chair Frank Yeary Retires After 17 Years; Craig Barratt to Succeed

C

CNBC TV18•04-03-2026, 07:44

Intel Board Chair Frank Yeary Retires After 17 Years; Craig Barratt to Succeed

•Intel board chair Frank Yeary is retiring after 17 years, marking a significant leadership change for the chipmaker.
•Craig Barratt, a veteran chip executive and current Intel board member, will succeed Yeary as chair after the May shareholder meeting.
•Yeary's departure is part of ongoing shakeups as CEO Lip-Bu Tan implements a turnaround plan, re-embracing manufacturing and cutting complexity.
•Critics, including analyst Jay Goldberg, suggest Yeary's departure was "long overdue" given Intel's past "bad decisions" during his tenure.
•Yeary served on the board since 2009 and as chair since 2023, overseeing four CEO transitions and Intel's decline against rivals like TSMC.

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