Intel Board of Directors Extends Andy Bryant’s Term as Intel

Intel Corporation as we speak introduced that its board of administrators had unanimously determined to increase Andy Bryant’s time period as Intel chairman for one extra 12 months, to assist assist Intel’s management transition. If Bryant is re-elected at Intel’s 2019 annual stockholders’ assembly, his time period as chairman would proceed by way of the conclusion of Intel’s 2020 annual stockholders’ assembly. Bryant has knowledgeable the board that he doesn’t count on to face for re-election once more in 2020.

“I am honored to be nominated to serve as a director and Intel’s chairman for another year,” Bryant stated. “If re-elected by the stockholders at our annual meeting in May, I look forward to continuing to work with Bob, the board and the entire executive team to continue Intel’s historic transformation to a data-centric company. I expect this would be my last year of service as a member of Intel’s board.”

“I am ecstatic that the board has extended Andy’s term for another year,” Intel CEO Bob Swan stated. “He has been a great sounding board for me since I joined the company, and has been especially invaluable to me while I have served in the interim and now permanent CEO roles.”

Intel’s board of administrators believes Bryant’s in depth experience and expertise present vital management continuity as Intel undergoes a CEO transition at a time of considerable enterprise transformation. Bryant has labored at Intel for 38 years in quite a lot of senior govt positions, together with as chief monetary officer and chief administrative officer, and has served as Intel’s chairman for the previous seven years.