Wednesday, January 22nd 2020

Intel Board of Directors Elects New Chairman and New Director

Intel Corporation announced today that at the company's Jan. 15 board meeting Andy D. Bryant stepped down as chairman and the board elected lead independent director Dr. Omar Ishrak to succeed Bryant as an independent chairman, effective immediately. Intel also announced that Alyssa Henry was elected to Intel's board. Her election marks the seventh new independent director added to Intel's board since the beginning of 2016.

Bryant will remain on the board through the end of Intel's 2020 annual stockholders' meeting. He had previously notified the board in March 2019 that he did not intend to stand for re-election at this year's meeting. Bryant made the decision to leave the role now in order to facilitate an effective transition.
"I want to thank and congratulate Andy for over seven years' service as chairman of the board," said Intel CEO Bob Swan. "Andy has been a rudder for Intel during a time of change and transformation. He has led the board with integrity and always with Intel's best interest in mind."

"It has been my great honor to serve as Intel chairman, and I plan to retire from the board in May with great optimism about Intel's future," Bryant said. "I have full confidence in Omar leading the board, which is fortunate to have his expertise at leading an innovative, global company. In addition, Alyssa's wealth of senior leadership, cloud computing and emerging technologies experience further strengthens Intel's board."

Henry, 49, has served as seller lead for Square Inc. — a provider of software, hardware and financial services for small businesses and individuals — since 2014. She oversees global engineering, product management, design, sales, marketing, partnerships and support for Square's seller-facing software and financial services products. Prior to Square, she served in various positions with Amazon.com Inc. from 2006 to 2014, including as vice president of Amazon Web Services Storage Services, where she led services including Amazon S3, Amazon EBS and Amazon Lambda; and as Amazon's director of software development for ordering, with responsibility for Amazon's ordering workflow software and databases. Before Amazon, Henry spent 12 years at Microsoft Corp. working on databases and data access technologies in a variety of engineering, program management and product unit management roles. Henry started her career as a developer in the financial services industry. She has served as a member of the board of directors of Unity Technologies, a privately held company, since December 2018.
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13 Comments on Intel Board of Directors Elects New Chairman and New Director

#1
candle_86
I'm betting he wasn't given a choice, they did this so everyone can save face, sure their still making money but the cracks are showing, and the way the tech press mocks them theses days has got to be getting to them
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#2
64K
Despite the mess ups Intel is doing fine financially. Their stock is at a 5 year high of $62 a share right now and has grown 28% since this time last year.

They showed a profit of 6 billion dollars on 19.2 billion dollars in revenue for Q3 2019

They showed a profit of 4.2 billion dollars on 16.5 billion dollars in revenue for Q2 2019

They showed a profit of 4 billion dollars on 16.1 billion dollars revenue for Q1 2019
Posted on Reply
#4
candle_86
64K
Despite the mess ups Intel is doing fine financially. Their stock is at a 5 year high of $62 a share right now and has grown 28% since this time last year.

They showed a profit of 6 billion dollars on 19.2 billion dollars in revenue for Q3 2019

They showed a profit of 4.2 billion dollars on 16.5 billion dollars in revenue for Q2 2019

They showed a profit of 4 billion dollars on 16.1 billion dollars revenue for Q1 2019
yes but public image matters as well, and right now the tech media is laughing at intel, they are looking to save face, he is a scapegoat if things go bad they can say it was all his leadership we are working to fix it.
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#5
notb
candle_86
yes but public image matters as well, and right now the tech media is laughing at intel, they are looking to save face, he is a scapegoat if things go bad they can say it was all his leadership we are working to fix it.
Yeah, but who listens to tech media? 10% of Intel CPU buyers i.e. hobbyists? Most of this segment is going to AMD anyway. AMD has always been the more "enthusiast-oriented" company. It's just that for slightly under a decade their products were so bad even hardcore AMD fans closed their eyes and got an i7.

Today we're getting back to the status quo from mid 2000s. It works for Intel as well.
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#6
Prima.Vera
That means we can finally see consumer motherboards with PCI-E 4.0 for Intel CPUs finally ?? /sarcasm
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#8
lewis007
Intels ship has sprung a whole lotta holes, the rodents are left steering through rough waters, while the bottom feeders left long ago.
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#9
lexluthermiester
lewis007
Intels ship has sprung a whole lotta holes, the rodents are left steering through rough waters, while the bottom feeders left long ago.
This isn't even close to correct. Intel was complacent where AMD was concern, that is not that same as being in "rough waters". Intel is fine. They have an uphill battle with AMD, certainly, but they are in no way on dire-straights.
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#10
lewis007
lexluthermiester
This is even close to correct. Intel was complacent where AMD was concern, that is not that same as being in "rough waters". Intel is fine. They have an uphill battle with AMD, certainly, but they are in no way on dire-straights.
Is that why Intel are slashing the CPU prices, they're quickly loosing relevance in all sectors from Data centers to mobile. By the time Intels 10nm arrives on desktop it ll be too little too late, but we need a new budget option, don't we.
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#11
notb
lewis007
Is that why Intel are slashing the CPU prices, they're quickly loosing relevance in all sectors from Data centers to mobile. By the time Intels 10nm arrives on desktop it ll be too little too late, but we need a new budget option, don't we.
Seriously, have you seen Intel's revenue figures for last few quarters?
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#12
lexluthermiester
notb
Seriously, have you seen Intel's revenue figures for last few quarters?
Yeah, information like that tends to be overlooked by people with a very narrow focus.
Posted on Reply
#13
notb
lexluthermiester
Yeah, information like that tends to be overlooked by people with a very narrow focus.
"RIP Intel" AD 2017? :)
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