Intel names Bangladeshi-American Omar Ishrak as its new Board Chairman

California based chip maker Intel announced a new chairman for its board of directors on Tuesday, January 21.

Omar Ishrak, CEO of Intel’s medical devices maker Medtronic, will replace Andy Bryant, who held the chairman position since May 2012.

Ishrak assumes the chairman position at a time when Intel is experiencing CPU shortages. Affecting its PC line and reportedly its data center lines as well. Furthermore Hewlett Packard Enterprise is expecting a shortage of Intel’s second-generation Xeon Scalable Cascade Lake processors to run through the rest of the year, according to a report in The Register.

Despite this, Bryant is confident about his successor, saying in a news release that he retires from the board “with great optimism about Intel’s future.”