Three Intel board members to retire in latest shakeup amid turnaround
- Three members of Intel's board of directors will retire at the annual meeting in May, as confirmed in a filing by Intel on Thursday.
- Omar Ishrak, Risa Lavizzo-Mourey, and Tsu-Jae King Liu will retire in May, according to Intel's filing on Thursday.
- Intel's new CEO, Lip-Bu Tan, has replaced Pat Gelsinger, who retired in December, as Intel's shares have dropped nearly 49% in the past year.
- Board chair Frank Yeary emphasized the need for a mix of skills and qualifications on Intel's board to improve profitability.
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Three Intel board members to retire in latest shakeup amid turnaround
Three Intel board members will not stand for reelection at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan.Since late last year, the company has been reshuffling its board to make it more chip industry focused
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