Intel Votes to Extends Chairman's Term, Selects New Director

   By Allison Prang

Intel Corp. said its board voted to extend the term of board executive chairman Andy Bryant, who has served in his position since 2012.

Intel said Mr. Bryant will be up for re-election at the annual shareholder meeting this year and if re-elected, he will serve until the end of that same meeting in 2019.

The company said the board's vote was "in order to ensure board continuity and a smooth integration for new directors." The vote for Mr. Bryant's term extension was unanimous.

Intel also elected Risa Lavizzo-Mourey to its board. Dr. Lavizzo-Mourey is also on the boards of Hess Corp. and General Electric and since January of this year, has been the Robert Wood Johnson Foundation PIK Professor of Population Health and Equity at the University of Pennsylvania, Intel said.

Shares of Intel fell 0.8% premarket.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

March 19, 2018 09:38 ET (13:38 GMT)

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