Greater course ahead for Intel is expected after appointing former HP CEO to Board.
Intel Corporation has announced a recent addition to their Board of Directors, who is also the Former CEO of famed PC Manufacturer HP by the name of Dion Weisler. They designated the newly appointed Independent Director last Wednesday and will be assigned in compensation and finance committees. Weisler was appointed after leaving HP for almost a year.
The newly appointed Independent Board Director has extensive executive experience. He used to be the President and Chief Executive Officer of HP from 2015 to 2019. Before that, he held senior executive roles at Lenovo Group Inc. and HP co, where he was trusted for the operations in the Asia Pacific and globally. He also became one who has management positions in Telstra Corp. Ltd., a telecommunications company and Acer Inc. And currently, aside from HP, he is one of the directors of BHP and Thermo Fisher Scientific Inc.
Venturing the new company
Intel designates a range of nine to 15 board members. As Weisler added the group, there are already ten members on the board. Since 2018, Intel has added four independent directors, and 50% of those are women.
After the announcement, Weisler said on his appointment, “Having admired Intel for more than three decades as the company that fueled computers as we know it, I’m honored and excited to join them as they transform to capitalize on new markets fueled by the incredible growth of data and intelligence. Their rich entrepreneurial culture, unique innovation and scale positions Intel to drive a positive global impact for decades to come.”
He then added, “While we view this as positive progress, we are not satisfied. Consistent with Intel’s values, we expect to continue adding additional directors with a specific focus on increasing the representation of racially and ethnically diverse board members,”
“In the last two years, Intel has made significant changes to its board of directors, having reduced the average tenure, added critical skills and increased board diversity,” Ishrak from Intel said.