The computer giant Hewlett-Packard (HP) announced on Thursday, January 20, the appointment of five new directors, including Patricia Russo, former CEO of Alcatel Lucent, Meg Whitman, former eBay boss, and the dominant French Senequier , head of Axa Private Equity. The other directors are incoming Shumeet Banerji, managing director of Booz & Company, and Gary Reiner, former chief information officer of General Electric and current adviser to the investment firm General Atlantic.HP has also announced that four directors did not represent their positions during the general meeting of the group. The group continues the reorganization of its executive after the sudden departure of its CEO Mark Hurd in August and late September arrival of new CEO, Leo Apotheker, who came from German software group SAP.
The ousting of Mr. Hurd, following accusations of sexual harassment of a former service provider, has resulted in an internal investigation did not confirm these allegations but has highlighted the falsification of expense accounts to conceal relationship "close personal" with this contract.
Shareholders had protested against the departure, which was falling heavily as the HP, and especially against the generous severance package awarded to Mr. Hurd, who could have reached 40 million. Sued by disgruntled shareholders, HP proposed last week to launch a new internal investigation.
Service strategy "We see these new appointments as something positive given the series of controversial decisions taken by the previous board of HP," commented analysts at the investment firm ISI. "We expect that the CEO of the company, Leo Apotheker, outlines his vision for the company over the coming months," they added.
For the current quarter, which ends at the end of the month, ISI expects that HP "is one of the first beneficiaries of the growth in server market." HP should also enjoy "the fact that companies are spending more and more cloud computing, given the scope and depth of its offering," continued ISI, finding that the group has the "best technology portfolio." Upon his arrival, Mr.
Apotheker, without disclosing precise strategy, indicated that the computer giant would now focus on the software and services.
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