Bangladeshi born Dr Omar Ishrak named as Intel Corporation chairman

Intel Corporation announced that at the company’s Jan 15 board meeting Andy D. Bryant stepped down as chairman and the board elected lead independent director Dr. Omar Ishrak to succeed Bryant as an independent chairman, effective immediately.

 Intel also announced that Alyssa Henry was elected to Intel’s board. Her election marks the seventh new independent director added to Intel’s board since the beginning of 2016.

Bryant will remain on the board through the end of Intel’s 2020 annual stockholders’ meeting.

He had previously notified the board in March 2019 that he did not intend to stand for re-election at this year’s meeting.

Bryant made the decision to leave the role now in order to facilitate an effective transition.

“I want to thank and congratulate Andy for over seven years’ service as chairman of the board,” said Intel CEO Bob Swan. “Andy has been a rudder for Intel during a time of change and transformation. He has led the board with integrity and always with Intel’s best interest in mind.”

“It has been my great honor to serve as Intel chairman, and I plan to retire from the board in May with great optimism about Intel’s future,” Bryant said. “I have full confidence in Omar leading the board, which is fortunate to have his expertise at leading an innovative, global company. In addition, Alyssa’s wealth of senior leadership, cloud computing and emerging technologies experience further strengthens Intel’s board.”