HP Makes its Board a Full 14 With Recent Appointment

November 21, 2011 3:31 pm0 commentsViews:

HP recently added Ralph V. Whitworth, co-founder of Relational Investors LLC, to its board of directors, making 14 total members of the board.

In addition, HP has made Rajiv L. Gupta the lead independent director of the board, effective immediately. He has served on the board since Jan. 2009.

Whitworth’s appointment to the board, also effective immediately, calls for him to join the Finance and Investment Committee and the HR and Compensation Committee.

The appointment was made as a result of  a letter of agreement between HP and Relational resulting in Relational supporting the HP board and in turn, the board will nominate and support Whitworth for the next two years.

The agreement is included as an exhibit to a Current Report on Form 8-K filed by HP today with the Securities and Exchange Commission, according to the HP.

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