01:22 PM EDT, 03/28/2025 (MT Newswires) -- Intel ( INTC ) shares fell nearly 4% in recent Friday trading, a day after the company said three board members are retiring as it looks to add expertise that aligns with business objectives.

Omar Ishrak, Tsu-Jae King Liu, and Risa Lavizzo-Mourey will retire from the board and will not stand for reelection at the upcoming May 6 annual shareholder meeting, the company said in an annual proxy statement on Thursday.

Intel ( INTC ) previously announced the appointments of former ASML (ASML) Chief Executive Eric Meurice and Microchip Technology ( MCHP ) interim CEO Steve Sanghi as independent directors last year.

Price: 22.72, Change: -0.91, Percent Change: -3.83