Tuesday, September 12, 2006

Hewlett-Packard Chairwoman Dunn Agrees to Step Down Next Year

Sept. 12 (Bloomberg) -- Hewlett-Packard Co. Chairwoman Patricia Dunn agreed to resign next year in an effort to diffuse a widening scandal surrounding the company's use of private investigators to access directors' phone records.
Chief Executive Officer Mark Hurd will take over as chairman of the world's second-largest personal computer maker in January, Palo Alto, California-based Hewlett-Packard said today in a statement distributed by Business Wire. Richard Hackborn will be lead independent director. Dunn will continue as a director.

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