Raymond Lane Resigned as HP’s Chairman; Ralph Whitworth Took over as Interim Chairman

Apr 5, 2013 12:05 IST

Hewlett-Packard or HP announced on 4 April 2013 that its chairman Raymond Lane was resigning from the office. Raymond Lane was re-elected in March 2013 with only 58.8 percent votes of shareholders at the annual meeting of the company.

Raymond Lane resigned on the grounds of criticism by the shareholders for paying 11 billion US dollar for Autonomy.

Though Raymond Lane would continue to remain in the board, but two other directors namely, John Hammergren and G Kennedy Thompson will leave the board. Ralph Whitworth will as of now, play the role of interim chairman.

It is also important to note that HP decided to slash certain jobs because of the declining printer and PC business.

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Read more Current Affairs on: Raymond Lane , HP’s Chairman , Ralph Whitworth

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