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Intel announced two new board members Thursday as Carol Bartz, CEO of Yahoo, resigned from the board.

The chipmaker said Thursday that John J. Donahoe, CEO of eBay, and Frank D. Yeary, vice chancellor of the University of California at Berkeley, have been elected to serve on Intel's board of directors.

Concurrently, Intel announced that Carol Bartz, the new CEO of Yahoo, is retiring from the board. slums of beverly hills

Intel issued the following information about the two newly elected board members:

Donahoe, 48, has served as eBay president and CEO since 2008. He joined eBay in 2005 and oversaw the company's global e-commerce businesses. Prior to joining eBay, Donahoe spent more than 20 years at Bain & Company, a worldwide consulting firm, last serving as CEO. In addition to serving on eBay's board of directors, Donahoe is on the board of trustees of Dartmouth College. He received his bachelor's degree in economics from Dartmouth College and an MBA from the Stanford Graduate School of Business.