Hewlett-Packard Company (HPQ), on Thursday announced various changes in its management. The software technology company said that its chairman of the Board, Raymond Lane has decided to step down. The company named Ralph Whitworth as the new interim chairman. Further, the company said Lane shall continue to serve HP as a Director.
"After reflecting on the stockholder vote last month, I've decided to step down as executive chairman to reduce any distraction from HP's ongoing turnaround," Commented Raymond Lane.
The company in a statement added that the Board was commencing the search for a permanent non-executive board chairman.
In addition, the company said the John Hammergren and Kennedy Thompson, the company's directors of its Board, are also set to leave their positions in May after its Board meeting.
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