SANTA CLARA (dpa-AFX) - Intel Corp. (INTC) Tuesday named Andy Bryant as vice chairman of its Board, preparing him for his election as Intel's next chairman after an annual stockholders' meeting in May 2012. Bryant, the company said, will serve alongside the current chairman, Jane Shaw, until she retires from the board next May.
'The board welcomes the addition of Andy Bryant to its ranks and looks forward to his service as the next chairman,' said Shaw. 'His deep knowledge of Intel and his unmatched wisdom will serve the company well.'
Intel said its board temporarily expanded from 10 to 11 members with Bryant's election as vice chairman. Bryant, the former longstanding Chief Financial Officer of the company and now chief administrative officer, is the second Intel officer to serve on the current board, in addition to Paul Otellini, president and chief executive officer.
Bryant's tenure at Intel that includes 13 years of service as CFO, and more recently, as the senior executive responsible for the Technology and Manufacturing Group, Information Technology, Human Resources and Finance. Bryant will transition out of the CAO position next May as he takes on the full-time chairman responsibilities.
Andy Bryant is currently a member of the Board of McKesson, the leading healthcare distributor in the US, where he serves as Chair of the Finance Committee and a member of the Audit Committee. He also is a Director of Columbia Sportswear Company and Kryptiq Inc.
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