H-P Appoints Former Microsoft Exec, Two Others to Board

By Jennifer Booton Business Leaders FOXBusiness


Hewlett-Packard (HPQ) appointed three new directors to its board on Monday, including former Microsoft (MSFT) software chief Raymond Ozzie, who recently founded a company called Talko. 

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The three new directors, who also include Liberty Media (LMCA) chief executive Robert "Dob" Bennett and former McDonald’s (MCD) CEO James Skinner, increases the H-P board to 12 members from nine previously. Their appointments are effective immediately.

“In April, we made a pledge to recruit the very best, most talented leaders to H-P’s already outstanding board," H-P’s interim non-executive chairman, Ralph Whitworth, said in a statement. "Dob, Ray and Jim bring tremendous capital allocation, technological, operational and leadership expertise and experience to the table.”

The board will continue to search for additional directors as well as a permanent non-executive chairman over the coming months.

Bennett will join H-P’s finance, investment and audit committees, while Ozzie will serve on the technology, finance and investment committees. Skinner, current Walgreen (WAG) chairman, will join the audit, HR, compensation, nominating and governance committees.

Shares of H-P showed little reaction to the appointments, trading virtually flat in early trade.