https://www.intc.com/news-events/press-releases/detail/1599/intel-board-of-directors-appoints-frank-d-yeary-as-new
Pat is just keeping the seat warm.
This is also likely why his attempt at a pay cut, unlike other tech CEOs, was an attempt to cut his salary as little as possible without enflaming the pi-s-ons. Perhaps not at all surprisingly, he whiffed on that, too.