Dunn and Done: Hewlett-Packard Chair To Step Down

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She’s out of there! Hewlett-Packard chairwoman Patricia Dunn will be replaced by chief executive officer Mark Hurd in January. As you know, Dunn had come under fire after revelations that the company had used private investigators to pry into the phone records of its directors. The board of directors met Sunday and Monday via a conference call to discuss the situation. Former board member Tom Perkins, co-founder of venture capital firm Kleiner Perkins Caufield & Byer, had publicly called for Dunn’s head resignation.
Word is that Dunn will remain on the board following her resignation as chairwoman. Which makes the thing sound like a compromise deal, an attempt to save-face while dealing with the problem.
Richard Hackborn will be lead independent director.

Hewlett-Packard Chairwoman Dunn Agrees to Step Down Next Year
[Bloomberg]

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