There are no active ads.

Advertisement

Hewlett Packard Board Shake-Up: Co-Chairman Ray Lane Steps Down

by Roy Choi | April 5, 2013April 5, 2013 3:00 pm PDT

ray-lane-hp

HP Co-Chairman Ray Lane Stepped down Thursday just a couple weeks after he was nearly voted off the board of the storied PC-maker. The shuffle is due to last year’s disastrous Autonomy acquisition. In his place, Ralph Whitworth, another board member, will temporarily fill the role until a suitable replacement is named.

At HP’s annual meeting in March, Lane received just 59 percent of votes in favor of his reelection. ┬áMost analysts expect Whitworth to be a more fiscally responsible and shareholder friendly than Lane.

Under CEO Meg Whitman’s lead, HP has been under a 5-year plan to alter its current business strategy. While still remaining first in PC sales, the company’s focus has been to shift to software and service-oriented operation as demand for PCs and printers continue to decline.

From a consumer standpoint, we won’t see much initial impact. Looks like for now we will still see tablets from HP, just not in WebOS form.

Reuters HP

Roy Choi

Roy Choi is a Southern California native. He has been infatuated with technology reviews ever since he bought his first crummy laptop in the summer...