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HP Chairman Lane resigns, Whitworth takes over for now

Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the acquisition of software company Autonomy Plc, has relinquished his post in the No. 1 personal computer maker's latest board shake-up.Two other directors left as HP, which has gone through several board upheavals in the past decade, said director and activist investor Ralph Whitworth will serve as interim chairman until Lane's replacement is found.HP is also seeking two to three new board members, the company said on Thursday.The changes come weeks after Lane, a Kleiner Perkins managing partner who will remain an HP director, narrowly won reelection at HP's annual shareholders' meeting with less than 60 percent of voting shares compared with 96 percent a year ago.Two other directors who kept their seats with narrow margins, G. Kennedy Thompson and John Hammergren, will leave the board, and the company will look for two to three new, independent replacements.Lane is one of the most promine...

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  1. HP chairman Lane resigns, Whitworth takes over for now

    Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the acquisition of software company Autonomy Plc, has stepped down, t...

  2. Ray Lane to Step Down As Chairman of H-P

    Hewlett-Packard Co. (HPQ) Chairman Raymond Lane is giving up his powerful post--a surprise move that heralds yet another shakeup of the technology company's long-bel...

  3. Lane to Step Down as H-P Chair Amid Board Shakeup

    Hewlett-Packard's (NYSE:HPQ) Raymond Lane is stepping down from his post as chairman, the company said Thursday.Veteran shareholder activist Ralph Whitworth will tak...

  4. Shareholders Unhappy With HP's Board

    Hewlett-Packard Co (NASDAQ:HPQ) Chairman Ray Lane and several other directors narrowly kept their seats on the board as shareholders conveyed their displeasure over ...

  5. HP's Lane, several others narrowly keep board seats

    MOUNTAIN VIEW, California (Reuters) - Hewlett-Packard Co's shareholders re-elected the company's board on Wednesday, but Chairman Ray Lane and three others only narr...

  6. H-P CEO Urges Shareholder Patience

    MOUNTAIN VIEW, Calif.--Hewlett-Packard Co. (HPQ) Chief Executive Meg Whitman urged investors to continue supporting the technology company, saying she is pleased wit...

  7. Hewlett-Packard Board Members Survive Challenge

    A bid by to oust some Hewlett-Packard Co. directors has failed. Results announced at the H-P meeting taking place in Mountain View, Calif. showed that all 11 board m...

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