Hewlett-Packard Interim Chairman Whitworth resigns

Jul 15, 2014

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 settles shareholder suit on Autonomy takeover

not rated yet
add to favorites email to friend print save as pdf

Related Stories

HP cutting at least 850 jobs in Germany

Feb 01, 2013

US computer giant Hewlett-Packard said Friday it was closing its enterprise software operation in Ruesselsheim, Germany, in a move eliminating at least 850 jobs.

HP stock hits 6-year low after Whitman named CEO

Sep 23, 2011

(AP) -- Hewlett-Packard Co.'s stock sank Friday to its lowest level in six years, as investors worried that new CEO Meg Whitman isn't the right person to turn the company's fortunes around.

Recommended for you

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.