Intel Appoints Stacy Smith to Board of Directors
14 March 2024 - 7:30AM
Business Wire
Intel Corporation today announced that Stacy Smith, executive
chairman of Kioxia Corporation, formerly Toshiba Memory
Corporation, and chair of Autodesk Inc., was appointed to Intel’s
board of directors, effective immediately. Smith will serve as an
independent director and join the board’s Audit & Finance
Committee.
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Stacy J. Smith joined Intel Corporation’s
board of directors in March 2024. (Credit: Intel Corporation)
“Stacy’s deep understanding of the semiconductor industry, along
with Intel’s history and strategy, will be a significant asset to
the board as it guides the company’s transformation journey,” said
Frank D. Yeary, chairman of the Intel board. “In particular,
Stacy’s expertise in finance and leading capital allocation
strategies in the capital-intensive semiconductor industry will be
additive to Intel’s board as the company continues its efforts to
create a globally resilient semiconductor supply chain.”
Smith, 61, spent nearly 30 years at Intel, serving in a variety
of leadership roles. Prior to his retirement in 2018, he served as
the group president of manufacturing, operations and sales, leading
the company’s global Technology and Manufacturing Group and its
worldwide sales organization. Prior to this, he spent more than a
decade in finance leadership roles, including as chief financial
officer. In addition, Smith held the role of chief information
officer and, before that, was general manager of Intel Europe,
Middle East and Africa (EMEA), where he was responsible for Intel
sales and marketing for the EMEA region.
“I am excited to be joining the Intel board at this pivotal
moment as the company accelerates its IDM 2.0 strategy to win in
its core markets, grow in emerging compute markets and become one
of the world’s leading foundries,” said Smith. “Intel is executing
one of the most significant transformations in the semiconductor
industry, and it is an honor to have the opportunity to contribute
to the company’s evolution as it regains its iconic position in the
global technology ecosystem.”
In addition to Smith’s extensive breadth of semiconductor
industry, operations and manufacturing, and sales, marketing and
branding expertise, he brings extensive public company board
experience to Intel. He has served as executive chairman of Kioxia
since 2018 and as chairman of the board of Autodesk since 2011.
Additionally, he has served on the board of Wolfspeed since
2023.
Previously, he served on the board of directors for Virgin
America from 2014 to 2016 and Gevo Inc. from 2010 to 2014.
Smith holds an MBA in finance from the University of Texas.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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Penny Bruce Intel Media Relations 1-408-893-0601
penelope.bruce@intel.com
Kylie Altman Intel Investor Relations 1-916-356-0320
investor.relations@intel.com
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