Intel Corp Appoints New Independent Directors

Intel Corp (NASDAQ:INTC) has announced the appointment of two experienced semiconductor leaders as independent directors to its board.

New Appointees

Eric Meurice

• Background: Former president, CEO, and chairman of ASML Holding (AS:ASML) from 2004 to 2013.
• Experience: Leadership roles at Dell (NYSE:DELL), ITT Semiconductors, and Intel.

Steve Sanghi

• Position: Chairman and interim CEO of Microchip Technology (NASDAQ:MCHP).
• Tenure: Served as CEO of Microchip Technology from 1991 to 2021.
• Previous Roles: Vice President of Operations at Waferscale Integration Inc., and various positions at Intel.

Significance of the Appointments

The addition of Meurice and Sanghi brings immense industry knowledge to Intel’s board, especially during a time of fierce competition in the global technology arena. Their combined decades of leadership in the semiconductor field underscore Intel's ongoing commitment to strong governance and strategic leadership.

These appointments are effective immediately, as both Meurice and Sanghi step into their roles as independent directors. Intel aims to utilize their deep sector expertise to enhance innovation and growth in the semiconductor market.

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