Frank Yiri Named Intels New Chairman

Frank Yiri Named Intel’s New Chairman

Almost exactly three years ago, Omar Ishrak, who previously served as an independent board member and ran medical device maker Medtronic for nine years, was elected chairman of the board. It was announced this week that he will be replaced as Chairman of the Board of Directors by Frank Yeary, who has extensive investment and financial advisory expertise.

    Image source: Intel

Image source: Intel

As explained in press releaseFrank Yiri will assume the position of Intel’s independent CEO. Omar Ishrak’s intentions to leave the post became known last year. It was he who actively participated in the appointment of Intel CEO Patrick Gelsinger. The latter recognized the merits of Ishrak and expressed hope for further fruitful cooperation with him as one of the board members, and also welcomed the appointment of Frank Yiri.

The new independent chairman of Intel’s board of directors himself said the following: “It is a great honor for me to assume this position at a turning point Intel moment. Although the company is facing challenges, I am convinced that we have chosen the right strategy. The prerequisite for our activities is the implementation of the planned investments and the repayment of the investments to our shareholders”.

Frank Yiri has been a director since 2009, he is head of investment firm Darwin Capital Advisors and co-founder of consulting firm CamberView Partners. Frank has over 25 years of experience in the financial industry and M&A transactions. At the same time, Yiri remains a board member of Mobileye, PayPal and a number of private companies.

About the author

Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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