HP Adds Enterprise Superstars to Board of Directors
Hewlett-Packard announced this week that it has appointed three corporate giants to its board, raising the number of directors from nine to twelve.
The new additions include Robert “Dob” Bennett, a principal of Hilltop Investments and the former CEO of Discovery and Liberty Media; Raymond Ozzie, former chief software architect for Microsoft and founder of Talko; and Walgreens chairman James Skinner. Skinner had previously served as the chief executive of McDonald’s, where he started out as a restaurant manager after a 10 year stint in the U.S. Navy.
“As we move forward with our turnaround, it’s a huge benefit to be able to get advice from a board made up of such experienced business and technology leaders,” said Meg Whitman, president and CEO, HP. “For their part, Dob, Ray and Jim have just about seen it all during their careers. I’m very grateful for their support, as well as the ongoing support from all of the directors.”
Meg Whitman was brought aboard as CEO after Leo Apotheker was ousted over his botched campaign to transform HP into a software vendor. Whitman was deemed a savior by some, but she and her leadership team have come under fire by investors over the company’s slow recovery and their handling of the Autonomy affair. Chairman Raymond Lane was recently voted out in a shareholder meeting.
SiliconAngle CEO John Furrier broke the news about the “accounting malpractices” that caused Autonomy’s earnings to plummet by 90 percent. Adding insult to injury, HP wrote down $8.8 billion of the nearly $11 billion it shelled out for the British analytics firm. In the aftermath, a group of shareholders filed suit against Meg Whitman, Autonomy founder Mike Lynch, and other past and present executives who were involved in the deal.
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