Intel Shakes Up Board with New Tech Titan Appointment

• Intel has appointed Dr. Craig H. Barratt, a seasoned semiconductor and technology executive, to its board of directors, effective immediately.
• Dr. Barratt brings extensive leadership experience from his time as CEO of Atheros Communications and Barefoot Networks, both of which were acquired by major tech companies.
• His appointment comes at what he describes as a "pivotal time" for Intel, as the company continues to execute its long-term growth strategy.
• Intel leadership highlights his proven ability to innovate, scale, and transform businesses as a key asset for the company's future.

Intel Welcomes Veteran Leader to Its Board

In a significant move for its corporate governance, Intel Corporation (NASDAQ: INTC) announced the immediate appointment of Dr. Craig H. Barratt, 63, to its board of directors. Dr. Barratt, a highly respected figure in the technology sector, will serve as an independent director, bringing decades of experience to the semiconductor giant as it navigates a critical phase of its evolution.

Lip-Bu Tan, Intel's CEO, praised the new appointee, stating, “Craig is a highly accomplished technology leader with a proven ability to innovate, scale, and transform businesses.” He added, “He is a seasoned semiconductor executive with experience at multiple leading-edge technology companies, which will be invaluable as we continue to execute our strategy and capitalize on our long-term growth opportunities.”

A Vision for a Pivotal Time

Dr. Barratt expressed his enthusiasm for the new role, acknowledging the crucial moment at which he joins the company. “I’m honored to join Intel’s board at such a pivotal time for the company and the industry,” said Dr. Barratt. “Intel’s technology is the foundation of the world’s most important innovations, and I’m excited to help strengthen the company’s engineering excellence and drive the next waves of technological advancement.”

A Transformative Track Record in Tech

Dr. Barratt’s career is marked by significant leadership roles and successful ventures that have shaped the wireless and networking industries.

Pioneering Wireless Technology

He previously served as the CEO of Atheros Communications, a trailblazer in wireless semiconductor technology. Under his leadership, Atheros completed a successful IPO and was later acquired by Qualcomm for $3.1 billion, a testament to the value and innovation he helped cultivate.

Experience Within Intel

This appointment is not Dr. Barratt's first experience with Intel. He previously served as the CEO of Barefoot Networks, a company specializing in networking technology, which was subsequently acquired by Intel. Following the acquisition, he took on the role of SVP of Intel’s ethernet, photonics, and networking businesses.

His impressive resume also includes senior leadership positions at Google, where he was responsible for overseeing Google Fiber and other key broadband and energy initiatives.

Current Roles and Credentials

Beyond his new role at Intel, Dr. Barratt is the lead independent director at Intuitive Surgical, Inc. (NASDAQ: ISRG) and a board member at Astera Labs, Inc. (NASDAQ: ALAB). His academic credentials include bachelor’s degrees from the University of Sydney and master’s and doctoral degrees in electrical engineering from Stanford University, solidifying his deep expertise in the field.