Intel Board Members Leaving as Chipmaker Looks to Add Expertise
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Intel Corp. said three members of its board of directors are retiring as it focuses on the kind of expertise needed for the chipmaker’s turnaround.
Omar Ishrak, Tsu-Jae King Liu and Risa Lavizzo-Mourey are retiring and won’t stand for reelection at the May 6 annual shareholder meeting, the company said in a regulatory filing. The board will shrink to 11 members following the appointment of Eric Meurice and Steve Sanghi — two chip industry executives — as independent directors last year.