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BtoB

HP chairwoman to step down over leaks scandal

Published on .

New York—Hewlett-Packard Co. said Tuesday that Chairwoman Patricia Dunn will resign on Jan. 18, 2007, after coming under fire for ordering a controversial board investigation into boardroom leaks to the media.

President-CEO Mark Hurd will succeed Dunn and retain his current titles, HP said in a statement. Dunn will continue to serve on the board as a director.

HP’s probe into boardroom leaks dating back to 2005 has sparked an inquiry by California’s attorney general and federal authorities over procedures used to access phone records of HP board members and journalists.

“Unfortunately, the investigation, which was conducted with third parties, included certain inappropriate techniques,” said Dunn in a statement. “These went beyond what we understood them to be, and I apologize that they were employed.”

Also Tuesday, HP announced that George Keyworth is resigning from the board, effective immediately. Dunn earlier this year had identified Keyworth as a source of media leaks.

—Matthew Schwartz

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