HP Director Larry Babbio Jr. To Leave Board

Posted on Jan 31 2012 - 6:06am by Editorial Staff

Hewlett-Packard Director Larry Babbio Jr. will no longer be on HP board as a director – the company said, as the tech giant continuing to restructure its board. Babbio a director since 2002 were part of a board, and had presided during the pretexting scandal.

Babbio, along with fellow directors Sari Baldauf and Dominique Senequier, will not stand for re-election at an upcoming shareholders’ meeting on March 21, the company said in regulatory filings. The company board has found itself from time again and again on the firing line since its infamous wire-tapping incident in 2005.

He was earlier a former vice chairman and president of Verizon Communications, was previously a Compaq director, which HP acquired in 2002 – the decision that was too cited in controversy as allegations of vote-buying surrounded Deutsche Bank’s decision to support HP’s acquisition.

(Image Source: HP logodientutieudung.vn)

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