Intel Names New Chairman -- Update
January 21 2020 - 6:19PM
Dow Jones News
By Allison Prang and Josh Beckerman
Intel Corp. has named Omar Ishrak as its new independent
chairman effective immediately, replacing Andy Bryant who stepped
down from his role at a board meeting earlier this month.
Mr. Bryant told the board last March he wouldn't run for
re-election in 2020. Mr. Bryant, who started as board chairman in
May 2012, will leave the board in May, he said in prepared
remarks.
"Andy has been a rudder for Intel during a time of change and
transformation," Intel Chief Executive Bob Swan said in prepared
remarks.
Last year, Intel's board extended Mr. Bryant's time as chairman
for an extra year citing his experience and the need for
"leadership continuity" given that Mr. Swan started as CEO in
January 2019 after serving as interim CEO following Brian
Krzanich's departure. Board chairmen typically serve a maximum of
two, three-year terms in the role.
Mr. Ishrak, the chief executive of Medtronic PLC, joined Intel's
board in March 2017.
The company also said the board named Square Inc. seller lead
Alyssa Henry as an independent director.
Write to Allison Prang at allison.prang@wsj.com and Josh
Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 21, 2020 18:04 ET (23:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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