HP appoints Microsoft's Ray Ozzie and ex-McDonald's CEO to main board

HP has appointed Microsoft's former chief software architect Ray Ozzie to the board, along with two other other new directors, including a former McDonald's CEO.

Robert "Dob" Bennett, former president and CEO of Liberty Media, will join Ozzie and Jim Skinner, former vice chairman and CEO of McDonald’s Corporation on the board.

The appointments increase the number of HP directors from nine to 12. Over the coming months the board will continue to search for additional directors, as well as a permanent non-executive chairman. Ralph Whitworth will continue to serve as chairman of the board on an interim basis.

Whitworth said, “Dob, Ray and Jim bring tremendous capital allocation, technological, operational and leadership expertise and experience to the table. I’m confident they will make enormous contributions as we rebuild HP by better serving our customers, strengthening our partnerships and building value for our shareholders."

Meg Whitman, president and CEO of HP, said, “As we move forward with our turnaround it’s a huge benefit to be able to get advice from a board made up of such experienced business and technology leaders. For their part, Dob, Ray and Jim have just about seen it all during their careers. I’m very grateful for their support, as well as the ongoing support from all of the directors.”

With their addition to the board, Bennett will become a member of HP's finance and investment committee and the audit committee. Ozzie will join the technology committee and the finance and investment committee. Skinner will join the audit, HR and compensation, and nominating and governance committees.

Bennett is currently principal of Hilltop Investments, a family investment company. He currently serves on the boards of Liberty Media Corporation, Discovery Communications, Sprint Corporation and Demand Media.

Ozzie left his role as Microsoft’s chief software architect in December 2010 and founded Talko, a firm focused on a new generation of mobile communications applications and services. Ozzie serves on the board of the Electronic Privacy Information Center (EPIC).

Skinner has served as a member of the Walgreen [a drugs retailer] board since 2005, and was appointed non-executive chairman in July 2012. He is the retired vice chairman and chief executive officer of McDonald’s Corporation. Skinner currently serves on the boards of Ronald McDonald House Charities and Illinois Tool Works. He also serves on the board of trustees for the Museum of Science and Industry.