Whitman joins HP's board

Jessica M. Karmasek Jan. 21, 2011, 11:00am


PALO ALTO, Calif. (Legal Newsline) - The world's largest technology company, Hewlett-Packard, announced on Thursday that its board of directors has appointed five new members, including former California gubernatorial candidate Meg Whitman.

Recently, Whitman became the third woman in a 20-year period to run for the Governor's Office in California.

After winning the state Republican primary in 2010, she went on to run a heated race against state Attorney General Jerry Brown, a Democrat. Brown won the November election.

The appointments bring the total number of board members to 17 until company's next Annual Meeting of Stockholders in March, at which time the size of the board is expected to be reduced to 13 members, HP said in a statement.

According to HP, the five new directors also will stand for re-election at the company's March stockholders meeting.

"The addition of these new directors will further diversify the outstanding talents and wide-ranging experience that our directors already bring to HP," Raymond J. Lane, non-executive chairman of the board of directors, said in a statement.

"Each is a widely respected and deeply experienced business leader, and together they will provide our board and management team with new insight and perspectives relating to HP's business and the rapidly changing technology industry."

Lane said of Whitman: "Meg Whitman is a true visionary and thought leader who brings to the HP board unique experience in developing transformative business models, building global brands and driving sustained growth and expansion."

Whitman, 54, is best known for her 10-year tenure as president and CEO of eBay, Inc. She ran the company from 1998-2008.

From Legal Newsline: Reach Jessica Karmasek by e-mail at jessica@legalnewsline.com.

More News