News

HP Chairman Ralph Whitworth resigns for health reasons

Interim board head since 2013 will be leaving Palo Alto tech giant

Hewlett-Packard Co. board chairman Ralph Whitworth is resigning July 16 for health reasons, the Palo Alto company announced today. He will also be taking a leave of absence from Relational Investors, a San Diego activist investment company he co-founded in 1996.

Whitworth was named interim chairman to the tech giant's board of directors in April 2013 after then-chair Raymond Lane stepped down, following a controversial decision to acquire Autonomy Corporation, to be a regular board member. Whitworth has been a member of the board since 2011.

"HP has made enormous progress reconstituting its board, implementing world-class capital allocation and corporate governance practices, and putting the company back on strong financial footing," Whitworth stated in a press release. "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. While I'm disappointed to step down from HP's board at such an exciting time for the company, it gives me great comfort that HP is in such talented and steady hands."

Elena Kadvany

Comments

Posted by Nayeli, a resident of Midtown
on Jul 15, 2014 at 1:01 pm

I hope that he gets well soon! He will be in our thoughts and prayers.


Posted by HP Way, a resident of Evergreen Park
on Jul 15, 2014 at 4:29 pm

I really mourn the loss of the HP Way, which this man was clearly a part of ( and Carly Fiorina tried to destroy). It seems that now with Whitworth's departure, it may be gone for good.

Mr Hewlett and Mr Packard must be rolling in agony in their graves!


Posted by Be Well, a resident of Another Palo Alto neighborhood
on Jul 16, 2014 at 2:27 am

Someone that driven doesnt step down for minor reasons. Best wishes to him and his family.


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