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The board of directors elected Andy Bryant as vice chairman of the board, a new position, in preparation for him to be elected Intel’s next Chairman following the company’s annual stockholders’ meeting scheduled for May of 2012. He will serve alongside the current chairman, Jane Shaw, until she retires from the board next May.
The board temporarily expanded from 10 to 11 members with Bryant’s election as vice chairman. Bryant, the former longstanding CFO of the company and now chief administrative officer (CAO), is the second Intel officer to serve on the current board, in addition to Paul Otellini, president and chief executive officer. When Bryant becomes executive chairman, the board will concurrently re-establish the position of lead director to be held by an independent, non-employee director.
The board temporarily expanded from 10 to 11 members with Bryant’s election as vice chairman. Bryant, the former longstanding CFO of the company and now chief administrative officer (CAO), is the second Intel officer to serve on the current board, in addition to Paul Otellini, president and chief executive officer. When Bryant becomes executive chairman, the board will concurrently re-establish the position of lead director to be held by an independent, non-employee director.