Saturday, October 25, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google's Pichai to Become Head of Product at Google: report
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 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 Broadens Moonshot Portfolio With Intel-powered Models
HP To Separate Into Two Public Companies
HP To Split Into Two Companies: WSJ
New Budget Stream Notebooks and Tablets Released By HP
HP Launches ARM-based Moonshot Servers
EMC In Merger Talks With Other Companies: reports
HP Unveils New Detachable PCs And Colorful Chromebooks
HP Recalls Millions Of Power Cords
HP Reports Revenue Gain
HP SlateBook 14 Android Laptop Released
HP Says Internet of Things Devices Are Vulnerable to Attack
HP Pavilion 10z Laptop Uses An AMD Mullins Processor

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .