8-KLeadership ChangesExhibits & Filings

INTEL CORP 8-K Report, Executive Changes (Jan 23, 2009)

Filed January 23, 2009For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on January 23, 2009, announcing significant changes in its Board of Directors leadership. Effective at the company's annual shareholder meeting in May 2009, Craig R. Barrett will retire as Chairman of the Board and will not seek re-election as a director. This marks the end of a long tenure for Dr. Barrett, who has been instrumental in Intel's growth and leadership. In connection with these changes, the Board has elected Jane E. Shaw to serve as the non-executive Chairman of the Board, succeeding Dr. Barrett. Ms. Shaw, a current director since 1993 and the Chair of the Audit Committee, will assume this new role upon the completion of Dr. Barrett's current term. This transition signals a planned succession and continuity in board governance.

Key Highlights

  • 1Craig R. Barrett to retire as Chairman of the Board of Directors in May 2009.
  • 2Craig R. Barrett will not stand for re-election as a director at the upcoming annual meeting.
  • 3Jane E. Shaw elected as the new non-executive Chairman of the Board.
  • 4Ms. Shaw's appointment as Chairman is effective upon the completion of Dr. Barrett's current term as director.
  • 5Jane E. Shaw has been a director since 1993 and currently chairs the Audit Committee.
  • 6The transition is described as a planned succession.
  • 7The filing includes a press release dated January 23, 2009, as an exhibit.

Frequently Asked Questions

Craig R. Barrett's retirement as Chairman of the Board and his decision not to stand for re-election as a director signifies a major leadership transition for Intel. Investors should note his long tenure and the impact he may have had on the company's strategic direction. His departure marks the end of an era for the company's board leadership.

Jane E. Shaw has been elected to succeed Craig R. Barrett as the non-executive Chairman of the Board. She is a seasoned director with extensive experience, having served on Intel's Board since 1993 and currently leading the Audit Committee.

The changes are scheduled to take effect at Intel's annual shareholder meeting in May 2009. Dr. Barrett's retirement as Chairman and Ms. Shaw's assumption of the role will occur upon the completion of Dr. Barrett's current one-year term as a director.

The filing indicates this is a planned transition. Jane E. Shaw's long tenure on the board and her current role as Audit Committee Chair suggest a deliberate succession process, aiming for continuity in board governance.