Briefing
Published 3:58 pm Thursday, March 14, 2024
Longtime Intel executive Stacy Smith, who retired from the company in 2017, is returning to Intel to serve on its board of directors. The chipmaker announced his appointment Wednesday.
Smith joined Intel in 1988 and rose to become chief financial officer in 2006. He remained in that role for a decade and once appeared to be a candidate to become Intel’s CEO.
Instead, Intel made Smith president of its manufacturing, operation and sales businesses in 2016. He left the company a year later, a period when former CEO Brian Krzanich was overhauling Intel’s executive ranks.
“Stacy brings strong expertise in finance and leading capital allocations, and a deep understanding of the semiconductor industry,” current CEO Pat Gelsinger wrote Wednesday in a social media post welcoming Smith back to Intel.
Smith also serves as executive chairman of Japanese memory chip company Kioxia Corporation and as chair of software company Autodesk.
Bob Swan, who succeeded Smith as Intel’s CFO, joined the board of Idaho-based chipmaker Micron Technology on Wednesday. Swan briefly served as Intel’s CEO, too, before Gelsinger replaced him in 2021.
Portland City Council voted Wednesday to phase out the use of all gas-powered leaf blowers by 2028. The vote comes after years of debate among environmentalists, public health experts, and business owners.
Gas-powered leaf blowers emit both air and noise pollution, endangering the health of people nearby. The ban applies to public and private property.
Commissioner Carmen Rubio brought the proposal forward and said it would make the city a “healthier and cleaner place to live.”
“Gas leaf blowers emit toxic pollutants, particulate matter, and noise that creates negative health impacts for people nearby,” Rubio said in a statement. She credited Nick Fish, the former Commissioner who died of cancer in 2020, for advocating for the policy years ago.
Landscaping professionals argue that electric leaf blowers are still far more expensive than gas-powered devices, and say the ban will impact lower-income workers who are predominately people of color.
Portland will create new incentives to offset costs for small landscaping businesses that may be impacted by the change.
Under the policy, using gas-powered leaf blowers will be prohibited in 2026, except during the fall and winter. That exception is because by 2028, gas blowers will be banned completely. Those who violate the policy will face a fine of up to $1,000.