Menu
HP chairman resigns due to ill health

HP chairman resigns due to ill health

It's another change at a company that's battling to get back on track

Ralph Whitworth, who'd been chairman of Hewlett-Packard for just over a year, is resigning from his job for health reasons, HP said on Tuesday.

Whitworth became interim chair last April when Ray Lane stepped down. His resignation is effective Wednesday, and HP's board will discuss a replacement at its next meeting, the company said.

Whitworth is an activist investor who holds a big financial stake in HP. He was given a seat on its board in 2011 in return for agreeing that his firm, Relational Investors, would not launch a proxy battle to take over the company.

It's another change for HP just as the company is showing signs of getting back on track. Last April, two of its directors resigned in the fallout from HP's botched acquisition of Autonomy. Since then it has looked relatively stable.

In a press release, Whitworth said HP has made "enormous progress" in getting itself back on track. "HP's shareholders can be very confident that [CEO Meg Whitman], her team and the current board will stick to the strong practices and discipline we've put in place," he said.

HP didn't give details about Whitworth's health, but news reports said he has throat cancer.

HP grew its profit last quarter thanks partly to an uptick in its PC business, but it's also slashing up to 16,000 more jobs to reduce costs.

James Niccolai covers data centers and general technology news for IDG News Service. Follow James on Twitter at @jniccolai. James's e-mail address is james_niccolai@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesHewlett-Packardhardware systemspersonneldesktop pcs

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments