New Board Emerging at HP After Four Veteran Members Decide Against Running Again

By Ed Silverstein January 21, 2011

A new board of directors is emerging at Hewlett-Packard with several of the older board members – apparently still haunted by the departure of CEO Mark Hurd – opting not to run again.

Four of the current directors, who worked on issues related to Hurd’s departure, have voluntarily taken themselves out of the running for re-election. HP has named five new directors to take their places on the board.

Joel Hyatt, John Joyce, Robert Ryan and Lucille Salhany are leaving the board, according to a report from the Wall Street Journal.

Hyatt and Joyce may have been Hurd's strongest advocates as the board considered a sexual harassment claim related to a former independent employee working for the company, according to the Journal.

It was Ryan and Salhany who led the board's investigation into Hurd’s activities. Hurd did not violate an HP policy on sexual harassment, according to the board’s conclusions. But they had concerns about his business conduct. Hurd quit the CEO’s post in August 2010.

The five new directors include:

  • Shumeet Banerji, CEO of Booz and Co.
  • Gary Reiner, former chief information officer of General Electric Co.
  • Patricia Russo, former CEO of Alcatel-Lucent
  • Dominique Senequier, CEO of AXA
  • Meg Whitman, former CEO of eBay, Inc.

Meanwhile, TechZone360 reports that several of HP’s independent directors, who took their posts after Hurd left, will review Hurd’s departure, Reuters said. Outside legal counsel will help them conduct the investigation, Reuters said.

Hurd is now co-president at Oracle. Oracle CEO Larry Ellison was a vocal opponent of Hurd’s forced resignation, according to a blog posting from TechZone360 CEO Rich Tehrani.

HP’s earlier investigation showed “inaccurate expense reports” were submitted, and concluded that Hurd's actions, related to the consultant, showed “a lack of judgment,” Reuters said.

As the inquiry takes place, shareholders are suing H-P, apparently in response to its actions in Hurd’s departure.

They say the “separation agreement” cost the company about $40 million, in either cash or stock/options, Reuters reported. They also claim the expenditures amounted to "corporate waste," Reuters said.

Want to learn more about the latest in communications & technology? Then be sure to attend ITEXPO East 2011, taking place Feb 2-4, 2011, in Miami. ITEXPO offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. To register, click here.

Ed Silverstein is a TechZone360 contributor. To read more of his articles, please visit his columnist page.

Edited by Tammy Wolf

TechZone360 Contributor

Related Articles

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More

TMC Launches The New Intelligence - an Unparalleled AI and Machine Learning Conference & Expo in Florida

By: TMCnet News    6/28/2018

TMC announced the launch of The New Intelligence conference and expo - The Event Powering the AI Revolution. This exciting new event will take place o…

Read More