Four Hewlett-Packard Directors Step Down In Wake Of CEO Fiasco

SAN FRANCISCO (AP) -- Hewlett-Packard Co. is overhauling its board of directors.

Four of HP's current board members aren't standing for re-election at HP's annual meeting in March: Joel Hyatt, John Joyce, Bob Ryan and Lucille Salhany.

HP did not say why the directors were leaving.

The world's biggest technology company by revenue has taken heat for the ouster of former CEO Mark Hurd six months ago in the wake of a sexual harassment scandal.

Hurd's departure tanked HP's shares and triggered lawsuits over his severance payout.

Thursday's shakeup is the first sweeping change under the HP's new leadership. With Hurd gone, HP's leadership now consists of Ray Lane, a former Oracle Corp. executive who took over as HP's chairman, and CEO Leo Apotheker, formerly the CEO of business software maker SAP AG.

(Copyright 2011 by The Associated Press. All Rights Reserved.)