HP chairman resigns after shareholder vote

Features Reuters

Copyright Reuters 2013

(Copyright Reuters 2013)

Hewlett-Packard Chairman and Silicon Valley venture capitalist Ray Lane said on Thursday that he had decided to step down after reflecting on the shareholder vote and to reduce distractions.

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Lane won 58.88 percent of shareholder votes, which was announced during the company's annual meeting last month.

(Reporting by Poornima Gupta)