HEWLETT-PACKARD yesterday appointed three big-name directors, including former Microsoft software chief Raymond Ozzie and former McDonald’s chief executive James Skinner, as it looks to beef up its board.
The PC maker, which has been trying to strengthen its board after years of leadership problems, said it was still searching for more directors. It is also looking for a permanent non executive chairman to succeed Ralph Whitworth, who currently holds the position on an interim basis.
Yesterday’s appointments increase the size of HP’s board to 12 from nine.
Chief executive Meg Whitman is trying to turn around HP’s operations, while Whitworth, who heads activist hedge fund Relational Investors, promised board changes when he took the job in April.
Skinner was credited with turning around McDonald’s during his time as CEO from November 2004 until 2012 and the firm’s share price tripled during his tenure.
City A.M. Reporter