(Boursier.com) — Intel , an American microprocessor giant, announced the resignation of its chairman Omar Ishrak and the appointment of Frank Yeary to replace him. Yeary has served as a director of Intel since 2009. He therefore succeeds Ishrak as chairman of the board. Ishrak has been “instrumental in my return to the company as CEO and fostered a high-impact work dynamic within the board and executive team,” CEO Pat Gelsinger said. , returned to Intel in 2021 as CEO to drive change within the company, which is restructuring its business to catch up with the competition. The American chipmaker has since stepped up its investments to set up factories in the United States and Europe.
“While the company certainly has big things to do, I’m confident we have the right strategy in place,” said Yeary, who also sits on the boards of PayPal or Mobileye. Ishrak, CEO of medical device maker Medtronic for nearly nine years, became Intel’s chairman in 2020. He will continue as an independent director on Intel’s board.
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