HP adds 3 board members amid turnaround

Hewlett-Packard has headquarters in Palo Alto, Calif. The company will report fourth-quarter results Tuesday.
  • CEO Meg Whitman is leading multi-year turnaround at struggling PC maker.
  • Former executives from Microsoft%2C McDonald%27s and Liberty Media Group join board.
  • Board expanded from nine to 12 members effective immediately.
  • NEW YORK (AP) — Hewlett-Packard says it named three new members to its board, including former executives from McDonald’s and Microsoft, as it forges ahead with its turnaround push.

    The company, based in Palo Alto, Calif., Said Monday that it appointed former McDonald’s CEO Jim Skinner; Raymond Ozzie, former chief software architect at Microsoft and Robert Bennett, former president and CEO of Liberty Media Group.

    The appointments, which are effective immediately, boost the number of directors to 12, up from nine.

    HP has been struggling amid declining PC sales, with people spending their money on smartphones and tablet computers instead. Like many other PC manufacturers, HP was slow to respond to the shift and then stumbled trying to catch up with Apple and other manufacturers, such as Samsung Electronics, that make devices running Google’s Android operating system.

    CEO Meg Whitman has portrayed HP’s turnaround as a multi-year effort. She has been overhauling the company’s product line and pushing into more profitable niches in business software, data analysis and storage and technology consulting. HP also is in the process of eliminating nearly 30,000 jobs and shedding other expenses.

    Explore more:  Women's World Cup quarterfinals United States vs. China: TV guide, time

    The company says Skinner is joining the audit, human resources and compensation and nominating and governance committees. Ozzie will join the technology and finance and investment committees and Bennett will join the finance and investment and audit committees.

    Proudly powered by WordPress | Theme: Rits Blog by Crimson Themes.