Investing.com -- Intel (NASDAQ: INTC )’s Board of Directors is set to undergo substantial changes, as three of its members have announced their retirement. Chairman Frank D. Yeary confirmed the news to shareholders, stating that Omar Ishrak, Tsu-Jae King Liu, and Risa Lavizzo-Mourey will not be standing for reelection.

The news was released in an SEC filing, where Yeary expressed his gratitude for the trio’s service and contributions to Intel. "Omar, Tsu-Jae and Risa are accomplished leaders and long-standing board members who brought deep experience and expertise into the boardroom. On behalf of the entire Board, I want to thank them for their service and their many contributions to Intel," Yeary said.

Omar Ishrak, who joined the board in March 2017, served as the chair of the board from January 2020 to January 2023. Tsu-Jae King Liu has been a board member since July 2016, and Risa Lavizzo-Mourey has been part of Intel’s board since March 2018. Their retirement will mark the end of their significant tenure on the board, and the company will have to elect new members at the Annual Meeting to fill the vacancies.

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