Feeds

HP CEO Meg Whitman dons TRIPLE CROWN of POWER

Former eBay boss now CEO, pres AND chairman of tech titan

Secure remote control for conventional and virtual desktops

HP CEO and president Meg Whitman has consolidated power at the top of the corporation by taking on the role of chairman as well.

The manoeuvring comes days after HP confirmed that Ralph Whitworth is to step down due to health concerns, the exact nature of which were not revealed.

Whitman joined HP's board at the start of 2011 and led turnaround efforts following the disastrous but brief reign of her predecessor, Leo Apotheker, under whose guidance the firm's share price crashed.

"Meg has been an outstanding leader since coming to HP, and we believe that as chairman she can most effectively drive the turnaround and continue to build value for our shareholders," said Gary Reiner, chairman of the Nominating, Governance and Social Responsibility Committee.

The former eBay boss is more than half-way through the multi-year turnaround that began in 2012 and though profits are improving, getting top line growth firing again is proving more challenging for HP, as it is for rival IBM.

But Whitman has certainly got the channel onside, put rules of engagement in place to govern the direct sales reps and improved results will likely take more time to materialise in the financials.

At the same time, Pat Russo, an HP director since 2011, was elected to become lead independent director. She controls the HR and Compensation Committee and is a member of Nominating. She was previously boss of Alcatel-Lucent from 2006 to 2008.

Former Siemens exec Klaus Kleinfeld, currently CEO and chairman at Alcoa, has been voted onto the board of directors, taking to total to 12. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.