SAN FRANCISCO: The Hewlett-Packard Co is overhauling its board of directors as the world's biggest technology company by revenue takes heat for the ouster of former CEO Mark Hurd six months ago.
The shakeup is the first sweeping change under HP's new leadership, which was put in place after Hurd's abrupt resignation this summer tanked HP's shares and triggered lawsuits over the size of his severance payout.
The departure of four directors also marks the first major alteration to the makeup of a board that has been at the centre of several scandals in recent years, including an episode in which HP paid investigators to spy on journalists and board members to ferret out the source of boardroom leaks to the press.