CEO Whitman takes chairman post at Hewlett-Packard

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Associated Press

Posted on July 17, 2014 at 4:01 PM

Updated Thursday, Jul 17 at 4:01 PM

PALO ALTO, Calif. (AP) — Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues.

HP has split the roles of chairman and CEO since Mark Hurd resigned as CEO in 2010. The company has faced shareholder displeasure over a series of missteps and slumping sales. Whitworth, an activist shareholder, was named to the company's board to placate investors.

Whitworth announced his resignation on Tuesday.

Whitman has been CEO since 2011.

Pat Russo, the former CEO of Alcatel-Lucent, will be HP's lead independent director, the company said. She is already a board member.

In addition, HP said Alcoa CEO Klaus Kleinfeld is joining the board.

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