Intel adds two former semiconductor chiefs to board

Intel Corp (NASDAQ:INTC ) announced the appointment of two seasoned semiconductor industry leaders as independent directors to its board. Eric Meurice, who has an extensive background in the sector, including a significant tenure as president, chief executive officer, and chairman of ASML Holding (AS:ASML ), is one of the new appointees.

Meurice's experience with ASML spanned from 2004 to 2013, and his career also includes leadership positions at other prominent technology firms such as Dell (NYSE:DELL ), ITT (NYSE:ITT ) Semiconductors, and Intel itself.

Joining Meurice in the latest board expansion is Steve Sanghi, the chairman and interim chief executive officer of Microchip Technology (NASDAQ:MCHP ). Sanghi's association with Microchip Technology is long-standing, having served as its CEO from 1991 until 2021.

His industry expertise is further complemented by previous roles, including vice president of Operations at Waferscale Integration Inc., and various management positions at Intel.

The addition of Meurice and Sanghi brings a wealth of experience to Intel's board, given their combined decades of leadership in the semiconductor industry. Their appointments come at a time when Intel is navigating a highly competitive and rapidly evolving global technology landscape.

Intel's decision to enhance its board with these appointments is reflective of the company's commitment to strong governance and strategic leadership. The expertise of Meurice and Sanghi is expected to contribute significantly to Intel's direction and oversight, as the company continues to pursue innovation and growth within the semiconductor market.

The appointments are effective immediately, with both Meurice and Sanghi assuming their roles as independent directors. Intel's strategic move to bolster its board with industry veterans is indicative of its focus on leveraging deep sector knowledge to guide the company's future endeavors.

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Source: Investing.com