Intel Corporation announced Tuesday that chairman Frank Yeary will retire following the company’s annual shareholder meeting scheduled for May, with Craig Barratt set to take over the leadership position.
The leadership change represents a significant shift for Intel’s board of directors as the semiconductor giant continues to face challenges in the competitive chip market. Yeary has been a board member since 2009 and oversaw the selection of four different chief executives during his time with the company, including current CEO Lip-Bu Tan who assumed the role approximately one year ago.
Barratt brings extensive technology industry experience to his new role, having recently joined Intel’s board in 2025. His background includes previous positions at wireless technology company Qualcomm and Google, which operates under parent company Alphabet.
