Sunday, January 25, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NVIDIA Comments On GeForce GTX 970 Memory Allocation Reports
Google Comments On Lack Of Security Patches On Older Android Phones
Sony is Offering Old Games To Settle The 2011 PlayStation Network Breach
Sony Postpones Earnings Announcement
January Windows 10 Build Released Through The Windows Insider Program
Flexible Computers Are Stil Away From Reality
China Denies Microsoft Outlook Hacking Allegations
A Look at Microsoft's New Spartan Browser
Active Discussions
HELP!!!
full screen wide screen
UDF errors
Hi
The Simplest Way to Download KODAK HERO 7.1 Driver
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
 Home > News > General Computing > HP Chan...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, April 06, 2013
HP Changes Its Board of Directors


Hewlett-Packard's Ray Lane is stepping down as chairman amid ongoing shareholder disapproval of HP's troubled Autonomy acquisition. Lane will stay on HP's board as a director but has given up his position as chairman, HP said Thursday.

Raymond J. Lane will be replaced on an interim basis by Ralph V. Whitworth.

In addition, John H. Hammergren and G. Kennedy Thompson, after eight and seven years of service to HP stockholders, respectively, have decided to leave the board. Both directors will continue to serve until the May board meeting.

HP's board search for a permanent nonexecutive board chairman as well as for two or more new independent directors.

"After reflecting on the stockholder vote last month, I've decided to step down as executive chairman to reduce any distraction from HP's ongoing turnaround," said Lane. "Since I joined HP's board a little over two years ago, I've been committed to board evolution to ensure our turnaround and future success. I'm proud of the board we've built and the progress we've made to date in restoring the company. I will continue to serve HP as a director and help finish the job."

The news comes after some of HP's largest shareholders tried to have Lane and other HP directors voted off the board at a meeting last month.

HP's board has been under fire for its role in approving HP's acquisition of Autonomy for about $10.3 billion in 2011. HP subsequently took a massive charge for the acquisition because, it says, Autonomy's business wasn't as healthy as it thought.


Previous
Next
Mushkin Begins Shipping New 1.8-Inch Chronos GO Deluxe Solid-State Drives        All News        Samsung First-quarter Profit Up 53 Percent
Chrome 27 Beta Is Faster And Offers New HTML5 Forms     General Computing News      Samsung First-quarter Profit Up 53 Percent

Get RSS feed Easy Print E-Mail this Message

Related News
HP Refreshes Its Tablet Lineup
HP Takes Legal Actions Against Patent Infringing Inkjet Supplies
HP Announces new Mini Desktops And Workstation for the office
HP Debuts Virtual Reality Displays
HP To Release New Operating System in 2015
HP Unveils Ultra-thin Business-Class Notebooks
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
HP Releases The OMEN Gaming Notebook
HP Smartwatch Looks Classic, Coming Next Week
HP Broadens Moonshot Portfolio With Intel-powered Models
HP To Separate Into Two Public Companies
HP To Split Into Two Companies: WSJ

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .