Palo Alto, Ca., USA - July 15, 2014, Palo Alto, Ca., USA - HP announced that its interim chairman Ralph Whitworth has resigned from the board of directors to focus on his health.
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Mr. Whitworth is also taking a leave of absence from his investment company, Relational Investors.
Mr. Whitworth has served on the boards of eleven public companies: Apria Healthcare Group Inc., Genzyme Corporation, Hewlett-Packard Company, Mattel, Inc., Sirius Satellite Radio, Inc., Sovereign Bancorp, Inc., Sprint Nextel Corporation, Tektronix, Inc., United Thermal Corporation, Waste Management, Inc., and Wilshire Technologies, Inc.
Mr. Whitworth is considered an expert on corporate governance. He has been invited to present his views on corporate governance and shareholder rights matters before the United States Senate and House of Representatives, the U.S. Securities and Exchange Commission, the New York Stock Exchange Board, and the New York Federal Reserve. He served on five national Blue Ribbon Commissions sponsored by the National Association of Corporate Directors regarding director compensation and corporate governance.
Mr. Whitworth also served on a Joint Task Force assembled by the Council of Institutional Investors and the National Association of Corporate Directors to review and make recommendations for improving board-shareholder communications.
Mr. Whitworth serves on the Task Force on Corporate/Investor Engagement formed by The Conference Board Governance Center to find actionable solutions for creating an optimal governance system that supports maximizing corporate value. He is also a member of the Public Company Accounting Oversight Board’s Advisory Council.
Mr. Whitworth was named the Lifetime Achiever by the International Corporate Governance Network, the highest honor bestowed by this global organization of esteemed investment and governance professionals.
During 2007 and 2008, Mr. Whitworth served as Chairman of Sovereign Bancorp’s (the nation’s largest savings and loan company) Credit and Risk Committee and its Capital Committee. ■