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2025-03-28

Start to get rid of the dead wood asap.

Three Intel board members to retire in latest shakeup amid turnaround

Three Intel board members to retire in latest shakeup amid turnaround March 27 (Reuters) - Three Intel INTC.O board members will not stand for reelection at its 2025 annual meeting, the chipmaker sai

Three Intel board members to retire in latest shakeup amid turnaround

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The latest move will shrink the size of the board to 11.The members retiring include Omar Ishrak, former CEO of medical device maker Medtronic MDT.N, who had in January 2023 stepped down as Intel's chairperson but stayed on as a director. Tsu-Jae King Liu, a dean at the College of Engineering at the University of California, Berkeley, and Risa Lavizzo-Mourey, a former professor of population health and health equity at the University of Pennsylvania, are the others leaving the board. Meanwhile, Intel bolstered its board through the appointments of Eric Meurice, former CEO of chipmaking equipment provider ASML ASML.AS, and Steve Sanghi, interim CEO of Microchip Technology MCHP.O, in December. The appointments followed the ouster of former CEO Pat Gelsinger.The changes mark a departure from Intel's previous board structure, which was populated by leaders in academia and finance, as well as former senior executives from the medical, tech and aerospace industries. \"We are committed to having the right mix of skills, qualifications and technical expertise on the Board,\" Chairperson Frank Yeary said in the filing on Thursday. All other current directors will stand for reelection. \"EQUALLY FOCUSED\" ON PRODUCT AND FOUNDRYCEO Tan said in a letter to shareholders on Thursday that \"to enable great products,\" he was \"equally focused\" on the company's product business and contract chip manufacturing business - the center of a turnaround strategy championed by former CEO Gelsinger. Gelsinger's total severance payment stands at about $7.9 million and he has forfeited all his outstanding unvested equity awards, the company said. Tan, who in August left Intel's board due to disagreements over the company's revival plan, rejoined as a director along with his appointment as CEO. \"We will remain focused on executing this plan to reduce our operating expenses and capital expenditures, simplify our portfolio and eliminate organizational complexity,\" Tan said, referring to the cost-savings plan introduced last year under Gelsinger, which included a 15% workforce reduction. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila) ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Three Intel board members to retire in latest shakeup amid turnaround</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThree Intel board members to retire in latest shakeup amid turnaround\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2025-03-27 22:48\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Three Intel board members to retire in latest shakeup amid turnaround </title></head><body>\nMarch 27 (Reuters) - Three Intel INTC.O board members will not stand for reelection at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan.Since late last year, the company has been reshuffling its board to make it more chip industry focused as it attempts to reclaim its lost glory under new leadership. The latest move will shrink the size of the board to 11.The members retiring include Omar Ishrak, former CEO of medical device maker Medtronic MDT.N, who had in January 2023 stepped down as Intel's chairperson but stayed on as a director. Tsu-Jae King Liu, a dean at the College of Engineering at the University of California, Berkeley, and Risa Lavizzo-Mourey, a former professor of population health and health equity at the University of Pennsylvania, are the others leaving the board. Meanwhile, Intel bolstered its board through the appointments of Eric Meurice, former CEO of chipmaking equipment provider ASML ASML.AS, and Steve Sanghi, interim CEO of Microchip Technology MCHP.O, in December. The appointments followed the ouster of former CEO Pat Gelsinger.The changes mark a departure from Intel's previous board structure, which was populated by leaders in academia and finance, as well as former senior executives from the medical, tech and aerospace industries. \"We are committed to having the right mix of skills, qualifications and technical expertise on the Board,\" Chairperson Frank Yeary said in the filing on Thursday. All other current directors will stand for reelection. \"EQUALLY FOCUSED\" ON PRODUCT AND FOUNDRYCEO Tan said in a letter to shareholders on Thursday that \"to enable great products,\" he was \"equally focused\" on the company's product business and contract chip manufacturing business - the center of a turnaround strategy championed by former CEO Gelsinger. Gelsinger's total severance payment stands at about $7.9 million and he has forfeited all his outstanding unvested equity awards, the company said. Tan, who in August left Intel's board due to disagreements over the company's revival plan, rejoined as a director along with his appointment as CEO. \"We will remain focused on executing this plan to reduce our operating expenses and capital expenditures, simplify our portfolio and eliminate organizational complexity,\" Tan said, referring to the cost-savings plan introduced last year under Gelsinger, which included a 15% workforce reduction. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila) ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","BK4529":"IDC概念","BK4602":"量子计算概念","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","BK4575":"芯片概念","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2087625088.SGD":"ALLSPRING US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4566":"资本集团","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4612":"AI芯片","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","BK4535":"淡马锡持仓","BK4082":"医疗保健设备","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","BK4515":"5G概念","MCHP":"微芯科技","LU1548497426.USD":"安联环球人工智能AT Acc","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4579":"人工智能","BK4588":"碎股","BK4550":"红杉资本持仓","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","MDT":"美敦力","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","INTC":"英特尔","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","BK4604":"机器人概念","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","BK4554":"元宇宙及AR概念","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","BK4527":"明星科技股","BK4543":"AI","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4534":"瑞士信贷持仓"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250327:nL3N3QA164:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2522300315","content_text":"Three Intel board members to retire in latest shakeup amid turnaround \nMarch 27 (Reuters) - Three Intel INTC.O board members will not stand for reelection at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan.Since late last year, the company has been reshuffling its board to make it more chip industry focused as it attempts to reclaim its lost glory under new leadership. The latest move will shrink the size of the board to 11.The members retiring include Omar Ishrak, former CEO of medical device maker Medtronic MDT.N, who had in January 2023 stepped down as Intel's chairperson but stayed on as a director. Tsu-Jae King Liu, a dean at the College of Engineering at the University of California, Berkeley, and Risa Lavizzo-Mourey, a former professor of population health and health equity at the University of Pennsylvania, are the others leaving the board. Meanwhile, Intel bolstered its board through the appointments of Eric Meurice, former CEO of chipmaking equipment provider ASML ASML.AS, and Steve Sanghi, interim CEO of Microchip Technology MCHP.O, in December. The appointments followed the ouster of former CEO Pat Gelsinger.The changes mark a departure from Intel's previous board structure, which was populated by leaders in academia and finance, as well as former senior executives from the medical, tech and aerospace industries. \"We are committed to having the right mix of skills, qualifications and technical expertise on the Board,\" Chairperson Frank Yeary said in the filing on Thursday. All other current directors will stand for reelection. \"EQUALLY FOCUSED\" ON PRODUCT AND FOUNDRYCEO Tan said in a letter to shareholders on Thursday that \"to enable great products,\" he was \"equally focused\" on the company's product business and contract chip manufacturing business - the center of a turnaround strategy championed by former CEO Gelsinger. Gelsinger's total severance payment stands at about $7.9 million and he has forfeited all his outstanding unvested equity awards, the company said. Tan, who in August left Intel's board due to disagreements over the company's revival plan, rejoined as a director along with his appointment as CEO. \"We will remain focused on executing this plan to reduce our operating expenses and capital expenditures, simplify our portfolio and eliminate organizational complexity,\" Tan said, referring to the cost-savings plan introduced last year under Gelsinger, which included a 15% workforce reduction. 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