Not a shocker: HP names Whitman chairman of the board

by tech on July 17, 2014

In news that surprised no one, Hewlett-Packard named Meg Whitman as its latest chairman of the board on Thursday. Ralph Whitworth, who had been serving in that post, resigned earlier this week citing his health.

In other news,  incumbent director Pat Russo is now the lead independent director and HP named Klaus Kleinfeld, CEO and chairman of Alcoa, was named to the board.

Whitman was named president and CEO of HP in September 2011, after the  troubled tenure of Leo Apotheker who lasted less than a year.

On Thursday, HP’s board also declared a cash dividend of $0.16 per share on the company’s common stock, payable on October 1, 2014.

 

 

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