Intel Chairman Craig Barrett to Retire in May

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Intel chairman Craig Barrett will retire at the company’s May board of directors meeting, the chipmaker announced Friday.

Barrett joined Intel in 1974 and served as CEO from 1998 through 2005. More recently, he has focused his efforts on bringing technology to developing countries, an effort he highlighted during his 2009 CES keynote.

Independent director Jane Shaw, who joined the Intel board in 1993, will serve as as non-executive chairman beginning in May.

“Intel became the world’s largest and most successful semiconductor company in 1992 and has maintained that position ever since,” Barrett said in a statement. “I’m extremely proud to have helped achieve that accomplishment and to have the honor of working with tens of thousands of Intel employees who every day put their talents to use to make Intel one of the premier technology companies in the world. I have every confidence that Intel will continue this leadership under the direction of Paul Otellini and his management team.”

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