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Exhibit 99.1

 

LOGO

 

  

Intel Corporation

2200 Mission College Blvd.

Santa Clara, CA 95054-1549

   LOGO

Intel Elects Two New Members to Board of Directors

SANTA CLARA, Calif., March 23, 2017 – Intel Corporation today announced that Omar Ishrak and Greg Smith have been elected to Intel’s board of directors.

“We are very pleased to welcome two new, independent directors with the depth of leadership experience at innovative, global companies that both Mr. Ishrak and Mr. Smith bring,” said Intel Chairman Andy Bryant. “We look forward to their valuable contributions as Intel continues to transform itself for growth in emerging, adjacent market segments.”

Ishrak, 61, is the chairman and chief executive officer of Medtronic, a global leader in medical technology. He has served in that role since 2011. Prior to joining Medtronic, he spent 16 years in various roles with General Electric Company, most recently as president and chief executive officer of GE Healthcare Systems, a division of GE Healthcare. He is a member of the board of trustees of the Asia Society, which promotes mutual understanding and strengthening partnerships among peoples, leaders and institutions of Asia and the United States in a global context, and a member of the board of directors for Minnesota Public Radio.

Smith, 50, is the chief financial officer and executive vice president of Corporate Development and Strategy at Boeing, the world’s largest aerospace and defense company. He has served as Boeing’s finance leader since 2012 and its strategy leader since 2015. Previously, Smith held various leadership roles across Boeing’s finance function and operations. He rejoined Boeing in 2008 after serving for four years as vice president of Global Investor Relations at Raytheon. Smith serves on the board of trustees for the Chicago Museum of Science and Industry, and the board of directors of the Economic Club of Chicago, the Chicago Botanic Garden, and the Northwestern Medicine Community Physicians Group.

About Intel

Intel (NASDAQ: INTC) expands the boundaries of technology to make the most amazing experiences possible. Information about Intel can be found at newsroom.intel.com and intel.com.

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CONTACTS:   Trey Campbell     Cara Walker
  Investor Relations     Media Relations
  512-362-4027     503-696-0831
  trey.s.campbell@intel.com     cara.walker@intel.com