Intel Board Leadership Change: Frank Yeary to Step Down, Craig Barratt to Become Chair

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Intel says Frank Yeary will step down after the May 13 meeting, with Craig Barratt elected as independent board chair.

Quick Report

Intel has announced a board leadership transition: Frank Yeary will retire and not stand for reelection, while Dr. Craig H. Barratt has been elected independent chair effective after Intel's Annual Stockholders' Meeting on May 13, 2026. Yeary has served on Intel's board since 2009 and as chair since 2023.

In the company statement, CEO Lip-Bu Tan credited Yeary with supporting governance changes and leadership transition efforts during a major restructuring period. Intel also framed the change as part of a broader multi-year effort to improve execution, strengthen finances, and advance roadmap milestones including Intel 18A and 14A.

Barratt joined Intel's board in November 2025 and brings leadership experience from Atheros, Qualcomm, Google, and Intel business units. Intel says the board refresh has added four independent directors since 2024 to align governance with product, foundry, and long-term competitiveness goals.

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Source(s)

  • TPU