Intel
chairman Craig Barrett will retire in May at the company's
annual shareholders' meeting.
Craig
Barrett joined Intel in 1974 and has served in many capacities,
including CEO from 1998 to 2005.
He handed the CEO job to Paul Otellini.
In recent years, Barrett has been active in Intel's World Ahead
Programme, promoting IT in emerging economies. Barrett is the
current chair of the
UN Global Alliance for Information and Communications Technology
and Development.
Barrett said: "Intel became the world's largest and most
successful semiconductor company in 1992 and has maintained that
position ever since. I have every confidence that Intel will
continue this leadership under the direction of Paul Otellini and
his management team."
Intel announced that independent director Jane Shaw, who joined
the Intel board in 1993, has been elected by the board of directors
to replace Barrett as non-executive chairman beginning in May.