Meg Whitman To Be The New Chairman of HP

Meg Whitman To Be The New Chairman of HPMeg Whitman has been named as the chairman of its board by Hewlett-Packard Co. She was the chief executive officer of the company. Ms. Whitman will be taking up her responsibilities from Ralph Whitworth her predecessor who is stepping down from his post due to health reasons.

Friday in a statement the Palo Alto, California-based company said, there were other changes in appointments that were made in the company. An existing director, Pat Russo, was appointed as the lead independent director where CEO and chairman of Alcoa Inc. Klaus Kleinfeld, was brought in, this increased the number of members on the board to twelve.

Whitman who is 57 will be taking over the steering of a board that over which has seen through four chief executives in the last ten years and has also signed off on acquisitions which were thought to cause burden for the company with debt.

The company has seen34,000 job cuts with Whitworth and Whitman at the controls. The company under them has also invested in new technology and has also replaced some of its topmost executives.

The company is making an effort to revive its business as the PC industry faces a slump with more of the consumers preferring to opt for smartphones and tablets for their computing needs.