Hewlett-Packard (HPQ) Affirms Appointment Ralph Whitworth to Board
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Hewlett-Packard (NYSE: HPQ) today announced that Ralph V. Whitworth, co-founder of Relational Investors LLC, will join the HP board of directors, effective immediately.
The appointment expands the number of board members by one to 14. Whitworth will join two board committees, the Finance and Investment Committee and the HR and Compensation Committee.
HP and Relational have entered into a letter agreement under which Relational will support the HP board, and the board will nominate and support Whitworth, for the next two years, as long as Relational continues to be a significant stockholder of HP.
The appointment expands the number of board members by one to 14. Whitworth will join two board committees, the Finance and Investment Committee and the HR and Compensation Committee.
HP and Relational have entered into a letter agreement under which Relational will support the HP board, and the board will nominate and support Whitworth, for the next two years, as long as Relational continues to be a significant stockholder of HP.
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