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Intel elects Craig Barratt to succeed Frank D. Yeary as board chair
Tuesday, March 3, 2026 at 09:04 PM
Intel has announced that Frank D. Yeary will retire as Board Chairman following the annual shareholders meeting in May. Craig Barratt, a former Intel executive, has been elected as the new independent chair.
Context
Intel has appointed Dr. Craig H. Barratt as its new independent board chair, effective after the annual stockholders' meeting on May 13, 2026. Barratt succeeds Frank D. Yeary, who is retiring after serving as a director since 2009 and chair since 2023. This leadership transition marks a definitive shift toward technical oversight following a period of transformation that included the December 2024 appointment of CEO Lip-Bu Tan to stabilize the company's financial foundation and manufacturing roadmap.
The selection of Barratt, a veteran semiconductor executive and former CEO of Atheros Communications, signals Intel’s return to an engineering-centric culture. Investors are monitoring this transition as the company scales its critical Intel 18A and 14A process nodes while managing severe supply constraints expected to peak in Q1 2026. With Intel targeting positive adjusted free cash flow for the full year 2026, Barratt’s technical expertise is expected to provide disciplined governance for the firm’s expanding foundry business and AI infrastructure partnerships.
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