HP announced several changes to the board of directors yesterday.

Meg Whitman has been appointed as President and Chief Executive as Léo Apotheker steps down after just 11 months in office. In addition, Ray Lane has moved from his post as non-executive chairman to executive chairman. These changes come as HP recognises its need for revitalisation; “We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead.” Lane commented.