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HP board chairman Raymond Lane to step down, remain director

HP announced changes to its board of directors. Raymond Lane has decided to step down as chairman of the board, to be replaced on an interim basis by Ralph Whitworth. The board is commencing a search for a permanent nonexecutive board chairman. In addition, John Hammergren and G. Kennedy Thompson, after eight and seven years of service respectively, have decided to leave the board. Both directors will continue to serve until the May board meeting. The board is commencing a search for two or more new independent directors.