Intel appointed Frank D. Yeary as the new independent chair of its board of directors, succeeding Dr. Omar Ishrak. Ishrak will remain on Intel’s board as an independent director and continue to serve on the audit and finance committee and corporate governance and nominating committee.
Yeary has served as a director of Intel since 2009. He also is a managing member at Darwin Capital Advisors, a private investment firm. He co-founded CamberView Partners LLC, a corporate advisory firm specializing in investor-led advice for public companies, where he served as executive chairman until 2018. Prior to that, Yeary was vice chancellor of the University of California, Berkeley and earlier spent 25 years in the finance industry, including as global head of mergers and acquisitions, and as a member of the management committee at Citigroup Investment Banking. Yeary also serves on the board of directors of Mobileye, PayPal Holdings and a number of private companies.
“I’m pleased to welcome Frank as chair of Intel’s board. His expertise in unlocking stockholder value, focus on corporate governance and familiarity with Intel are powerful assets to both the board and the company as we execute our strategy,” said Pat Gelsinger, CEO of Intel. “I also want to thank Omar for his tremendous contributions as chair. He was instrumental in bringing me back to the company as CEO and has fostered a high-impact working dynamic across the board and management team. I look forward to his continued service as a valued member of the board.”
