Intel chairman Craig Barrett will retire in May at the company's annual shareholders' meeting.
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.