Intel Appoints Two Former Semiconductor Chiefs to Its Board of Directors

Intel (NASDAQ:INTC) Corp announced the appointment of two experienced semiconductor industry leaders to its board of directors as independent directors. One of the appointees, Eric Meurice, has a significant background in the industry, having served as president, CEO, and chairman of ASML Holding.

Meurice's experience at ASML spans from 2004 to 2013 and includes leadership roles at other prominent technology firms such as Dell, ITT Semiconductors, and Intel.

Joining Meurice in the most recent board expansion is Steve Sanghi, the chairman and interim CEO of Microchip Technology. Sanghi has a long-standing connection with Microchip Technology, having served as the company's CEO from 1991 to 2021.

His expertise in the industry has been further solidified through previous roles, including Vice President of Operations at Waferscale Integration Inc. and various management positions at Intel.

The inclusion of Meurice and Sanghi brings a wealth of leadership experience to Intel’s board, particularly in the semiconductor sector. These appointments come at a time when Intel is navigating a highly competitive and rapidly evolving global technology landscape.

Intel’s decision to strengthen its board with these appointments reflects the company’s commitment to strong governance and strategic leadership. The expertise of Meurice and Sanghi is expected to make significant contributions to Intel's direction and oversight as the company continues to drive innovation and growth in the semiconductor market.

The appointments are effective immediately, with both Meurice and Sanghi commencing their roles as independent directors. Intel’s strategic move to enhance its board with industry veterans demonstrates the company's focus on leveraging deep industry knowledge to guide future initiatives.