Hewlett-Packard reshuffled its board this week, adding some prominent tech and business veterans in what may be an effort to escape its turbulent past and give its CEO, Leo Apotheker, some new help.
HP's board of directors has been a reliable source of drama for Silicon Valley over its battles with former CEO Carly Fiorina, the 2006 phone record spying scandal and the forced resignation of former CEO Mark Hurd after his hiring of a B-movie actress.
"The HP board has been viewed as somewhat ineffectual," said Chuck House, an HP veteran who now heads Stanford University's Media X, which develops industry and academic research partnerships. "It was almost viewed as being a board that really caused some havoc for the company."
The changes on the board "may be an effort to fix that," House said.
HP is adding five people with deep technology and business experience. Meg Whitman, the former CEO of eBay and most recently a Republican Senate candidate, is being picked up because of her strong entrepreneurial track record, House said.
With Shumeet Banerji, the CEO of management consulting firm Booz & Co., and Dominique Senequier, the CEO of AXA Private Equity in Paris, HP is bringing in executives with international expertise.
Other new appointees include Patricia Russo, the former chief executive officer of Alcatel-Lucent, and Gary Reiner, whose career includes being CIO at General Electric.
Charles King, an analyst at Pund-IT, said the board changes "suggest that [Apotheker] feels that he has great deal of juice to basically come in and be an agent of change."
(itnews.com)
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