Andy Bryant to join Intel board as chairman in May

Intel has confirmed that Andy Bryant will join its board as chairman in May, replacing current chairwoman, Jane Shaw. 

Intel has revealed in a US Securities and Exchange Commission (SEC) proxy statement filing that Shaw will retire from the board and Bryant will step up from his role as CFO and vice chairman to become chairman of the board at Intel's annual stockholders meeting on 17 May.

Serving as chairman is the highest paid position on Intel's board, with the firm's SEC filing showing incumbent Shaw netting $275,000 in cash and a further $360,000 in stock, while other board members took home $75,000 in cash and between $10,000 and $20,000 in stock options. However the filing showed that Bryant was Intel's third highest salaried employee in 2011, with a total compensation package of $6.7m, curiously $1.4m down from 2010.