Hewlett-Packard Interim Chairman Whitworth resigns

Hewlett-Packard’s Interim Chairman Ralph Whitworth has resigned from the company’s board to concentrate on personal health issues.

Whitworth’s resignation is effective on Wednesday. Personal computer maker HP said that its board will discuss appointing a new at its next meeting.

Whitworth became HP’s interim chairman in April 2013 after former chairman Ray Lane stepped down from his post. At the time that Lane stepped down, HP also announced that directors John Hammergren and G. Kennedy Thompson were leaving the board. The shake-up was spurred by disgruntled stockholders unhappy with HP’s performance.

Whitworth, an activist shareholder, has served as an HP board member since 2011.

He is also taking a leave of absence from the privately held investment company he co-founded, Relational Investors.

Hewlett-Packard Co. is based in Palo Alto. Its stock fell 14 cents to $34.01 in premarket trading on Tuesday.


Explore further:

HP names three new board members amid turnaround push

add to favorites
email to friend
print
save as pdf

Source Article from http://phys.org/news324637756.html

You can leave a response, or trackback from your own site.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes