Intel’s board of directors is undergoing significant changes as the company moves forward under newly appointed CEO Lip-Bu Tan. According to a recent SEC filing, three board members—Omar Ishrak, Tsu-Jae King Liu, and Risa Lavizzo-Mourey—will retire and not seek reelection at Intel’s Annual Meeting on March 31, 2025.
This shift follows the December ouster of former CEO Pat Gelsinger, whose turnaround strategy had sparked internal disagreements. Lip-Bu Tan, a seasoned chip industry executive, was named his successor.
New Leadership and Board Composition
Intel chairman Frank D. Yeary emphasized the company’s commitment to a well-balanced board, highlighting the 2024 additions of Eric Meurice (former ASML CEO) and Steve Sanghi (Microchip’s interim CEO). Both bring deep semiconductor industry expertise, a crucial asset as Intel navigates a competitive landscape.
While Ishrak, Liu, and Lavizzo-Mourey were recognized for their leadership, their backgrounds in medical devices, academia, and population health raised concerns about the board’s semiconductor expertise—an issue that intensified after Lip-Bu Tan abruptly resigned from the board last August due to strategic disagreements with Gelsinger.
With the latest exits, Intel’s board will shrink to 11 members, signaling the potential for further appointments as the company refines its leadership structure.
