Intel has announced that three board members—Omar Ishrak, Tsu-Jae King Liu, and Risa Lavizzo-Mourey—will not stand for reelection at the company’s 2025 annual meeting, according to a regulatory filing on Thursday. This move is part of Intel’s ongoing board restructuring to align with its renewed focus on the semiconductor industry under newly appointed CEO Lip-Bu Tan.
The changes will reduce the board’s size to 11 members. Meanwhile, Intel has already bolstered its leadership with industry veterans Eric Meurice, former CEO of ASML, and Steve Sanghi, interim CEO of Microchip Technology, who joined in December. These appointments mark a shift away from Intel’s previous board composition, which included leaders from academia, finance, and healthcare.
In a letter to shareholders, Tan emphasized his commitment to Intel’s turnaround strategy, focusing on both product innovation and contract chip manufacturing. His appointment follows the departure of former CEO Pat Gelsinger, whose severance package was approximately $7.9 million.
