Intel Chair Frank Yeary to retire; Dr. Craig Barratt elected new Chair

INTEL CORP

Yeary to retire from board effective May 13, 2026 Annual Meeting; Barratt succeeds as independent chair.
Yeary served as director since 2009 and Chair since 2023; Barratt joined board in November 2025.
Barratt was CEO of Atheros Communications and later SVP at Intel; also serves on boards of Intuitive Surgical and Astera Labs.
Since 2024, Intel has appointed four new independent directors to align board with strategic priorities.
Board size will be reduced from 12 to 11 directors upon Yeary's departure.

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