News
 

Bookmark and Share

(0) 

Intel Corp.'s The board of directors elected chief administrative officer Andy Bryant as vice chairman of the board, a new position, in preparation for him to be elected Intel’s next chairman in May of 2012.  He will serve alongside the current chairman, Jane Shaw, until she retires next May. The appointments of both Ms. Shaw and Mr. Bryant indicate that Intel now prefers executives rather than tech visionaries on the post.

Mr. Bryant, the former longstanding CFO of the company and now chief administrative officer (CAO), is the second Intel officer to serve on the current board, in addition to Paul Otellini, president and chief executive officer.  When Mr. Bryant becomes executive chairman, the board will concurrently re-establish the position of lead director to be held by an independent, non-employee director.

“The board welcomes the addition of Andy Bryant to its ranks and looks forward to his service as the next chairman. His deep knowledge of Intel and his unmatched wisdom will serve the company well," said Ms. Shaw, non-executive chairman.

Previously the board of directors appointed former chief executive officers, or even the company's co-founders on the chairman role. In effect, those people were technology visionaries with deep knowledge of Intel's products, roadmaps and market trends. By contrast, Mr. Bryant brings a wealth of experience at Intel that includes 13 years of service as CFO, and more recently, as the senior executive responsible for the technology and manufacturing group, IT, human resources and finance.

“I am excited about this new position for Andy and look forward to continuing to work closely with him as he assumes his new responsibilities,” said Paul Otellini, chief executive officer of Intel.

Tags: Intel, Business

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Thursday, November 6, 2014

6:48 am | LG’s Unique Ultra-Wide Curved 34” Display Finally Hits the Market. LG 34UC97 Available in the U.S. and the U.K.

Wednesday, October 8, 2014

8:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture