- Xerox nominated 11 directors to HP Inc’s board, the Wall Street Journal reported
- Xerox is looking to gain control of HP to force acceptance of $33.5 billion takeover offer
- Nominees include:
o Betsy Atkins, CEO of Baja Corporation, a venture capital firm
o George Bickerstaff, managing director of M.M. Dillon & Co., a leading healthcare and technology boutique investment bank
o Carolyn Byrd, CEO of GlobalTech Financial
o Jeannie Diefenderfer, CEO of consulting firm courageNpurpose
o Kim Fennebresque, former CEO of Cowen Group
o Carol Flaton, former managing director at AlixPartners, a global consulting firm
o Matthew Hart, former COO of Hilton Hotels
o Fred Hochberg, former COO of Lillian Vernon Corporation
o Jacob Katz, former chairman of Grant Thornton audit, tax and advisory firm
o Nichelle Maynard-Elliott, former Executive Director at Praxair
o Thomas Sabatino, Jr, former EVP of Aetna Insurance
- HP responded by stating; “We believe these nominations are a self-serving tactic by Xerox to advance its proposal, that significantly undervalues HP and create meaningful risk to the detriment of HP shareholders”
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