HP chairman, Ray Lane, steps down amid discontent over Autonomy

Lane is giving up his chairmanship, and two other HP board members have resigned

Hewlett-Packard's Ray Lane is giving up his role as chairman amid ongoing shareholder disapproval of HP's troubled Autonomy acquisition.

Lane will stay on HP's board as a director but has given up his position as chairman, HP said. In addition, two of HP's longest-serving board members have resigned their seats altogether.

The news comes after some of HP's largest shareholders tried to have Lane and other HP directors voted off the board at a meeting last month.

HP's board has been under fire for its role in approving HP's acquisition of Autonomy for about US$10.3 billion in 2011. HP subsequently took a massive charge for the acquisition because, it says, Autonomy's business wasn't as healthy as it thought.

HP director Ralph Whitworth will take over as chairman while the company finds a permanent replacement for Lane, HP said.

The board members who have resigned are John Hammergren and G. Kennedy Thompson. They were reelected to the board last month but, like Lane, received low approval ratings.

Lane is a former president of Oracle and was made chairman of HP in November 2010.

James Niccolai covers data centers and general technology news for IDG News Service. Follow James on Twitter at @jniccolai. James's e-mail address is james_niccolai@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuespersonnelHewlett-Packard

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

James Niccolai

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?