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Intel Corp. will see the retirement of three board members—Omar Ishrak, Tsu-Jae King Liu, and Risa Lavizzo-Mourey—who will not seek reelection at the annual shareholder meeting on May 6, reducing the board to 11 members. This change follows the appointment of new independent directors and comes after CEO Lip-Bu Tan replaced Pat Gelsinger amid concerns over the company's recovery pace. Chairman Frank Yeary emphasized the need for a balanced mix of skills and expertise on the board.
Intel has strengthened its board by appointing semiconductor industry leaders Eric Meurice, former CEO of ASML, and Steve Sanghi, head of Microchip Technology. This move aims to enhance the company's experience and operational vigor as it seeks a new CEO. Both will serve as independent directors.
Intel has appointed former ASML CEO Eric Meurice and Microchip Technology interim CEO Steve Sanghi to its board as the company seeks a replacement for ousted CEO Pat Gelsinger. Their extensive semiconductor experience addresses a gap left by a previous board member's departure. Intel is currently in the midst of a cost-cutting initiative and has engaged an executive search firm to assist in finding Gelsinger's successor.
Eric Meurice
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Intel board members retire ahead of annual shareholder meeting
Intel Corp
USA
Frank Yeary
Patrick P. Gelsinger
Omar Ishrak
Tsu-Jae King Liu
Lip-Bu Tan
Steve Sanghi
Eric Meurice
Risa Lavizzo-Mourey
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05:00 30.03.2025
Intel Strengthens Board with Microchip and Former ASML Leaders
Microchip Technology Inc
Intel Corporation
ASML Holding N.V.
USA
Eric Meurice
Steve Sanghi
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17:17 05.12.2024
Intel Appoints New Directors Amid Ongoing CEO Search and Cost-Cutting Efforts
United States Dollar
Euro
Intel
Microchip Technology Inc
Cadence Design Systems, Inc.
ASML
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USA
Eric Meurice
Steve Sanghi
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15:06 05.12.2024
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