SANTA CLARA, Calif. - Intel Corporation (NASDAQ:INTC) has announced the appointment of Stacy Smith, executive chairman of Kioxia Corporation and chair of Autodesk Inc (NASDAQ:ADSK)., to its board of directors, effective immediately. Smith will also serve on the Audit & Finance Committee of the board.
With a career spanning nearly three decades at Intel, Smith brings a wealth of experience in the semiconductor industry. His previous roles at Intel include group president of manufacturing, operations and sales, chief financial officer, chief information officer, and general manager of Intel Europe, Middle East, and Africa.
Frank D. Yeary, chairman of the Intel board, expressed confidence in Smith's appointment, highlighting his deep understanding of the industry and Intel's strategy. Yeary emphasized Smith's financial expertise and experience with capital allocation strategies, which are expected to contribute significantly to Intel's efforts in creating a resilient global semiconductor supply chain.
Smith's return to Intel comes at a time when the company is executing its IDM 2.0 strategy, which aims to strengthen its core markets, expand into emerging compute markets, and establish itself as a leading foundry. Smith expressed his enthusiasm for rejoining the Intel board, noting the company's ongoing transformation and his eagerness to contribute to its future success.
In addition to his tenure at Intel, Smith has accumulated substantial public company board experience. He has served as executive chairman of Kioxia since 2018 and has been the chairman of the board at Autodesk since 2011. His board experience also includes a term with Wolfspeed (NYSE:WOLF) since 2023 and previous positions on the boards of Virgin America and Gevo (NASDAQ:GEVO) Inc.
Smith's appointment is based on a press release statement from Intel and reflects the company's commitment to leveraging experienced leadership to navigate the evolving semiconductor landscape.
Intel, known for its advancements in semiconductor design and manufacturing, continues to drive innovation aligned with Moore's Law, aiming to enrich lives and enable global progress through technology.
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