HP Interim Chairman Ralph Whitworth Resigns
Jul 15, 2014
Hewlett-Packard said interim Chairman Ralph Whitworth resigned from its board of directors, effective Wednesday, to focus on his health. Whitworth, who runs activist hedge fund Relational Investors, joined HP's board in 2011. He was appointed HP's interim chairman in April last year. "While his presence would be a loss, we believe the blueprint for HP has largely been drawn up and believe HP has made meaningful progress in its restructuring and transformation," Wells Fargo Securities analyst Maynard Um wrote in a note. HP is trying to turn around its fortunes by reducing its reliance on PCs and move toward computing equipment and networking gear for enterprises, to arrest revenue declines and return to growth. HP's board will discuss the appointment of a new chairman at its next meeting, the company said in a statement. It was not immediately clear what illness Whitworth, 58, was suffering from. Relational Investors said co-founder Whitworth was taking a leave of absence from the hedge fund and it wished "his family all the best at this difficult time."
Business Business Digital Digital Printing
Also Tagged: Industrial Applications & Printed Electronics, Industrial Printing, News

Related Content

PRINTING United Alliance Joins an Open Letter to the President-Elect

On Election Day morning, the National Association of Manufacturers will release an open letter to the next president of the United States. The letter reflects NAM’s commitment to helping the next president and their administration advance the principles that have driven American innovation, economic resilience and prosperity. It is a post-partisan effort aimed at ensuring a constructive transition and reinforcing manufacturing’s unique role in bridging the nation’s divides and providing solutions.

U.S. International Trade Commission Approves Tariffs Targeting Aluminum Lithographic Printing Plates from China and Japan

On October 22, 2024, the U.S. International Trade Commission (USITC) determined that a U.S. industry is materially injured by imports of aluminum lithographic printing plates from China and Japan. The U.S. Department of Commerce determined that the printing plates are being sold at less than fair value and subsidized by the government of the People’s Republic of China.

Commodity Futures Trading Commission Releases Carbon Credit Guidance

The practice of securing carbon offsets has grown more common as companies aim to reduce their environmental impact. However, clear guidance on what qualifies as a credible carbon offset has been limited. To address this, the Commodity Futures Trading Commission (CFTC), which oversees the integrity of derivatives and other financial markets, issued its final guidance on October 15, 2024, for listing carbon credits in voluntary markets.
}