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Hewlett Packard Enterprise Signs Pact With Activist Investor Elliott
Hewlett Packard Enterprise Co. announced several business changes, including the formation of a new strategy committee and the appointment of a new board member, as it agreed to work with Elliott Investment Management on ways to help the software company boost value.
Hewlett Packard Enterprise (HPE) announced new changes to its Board of Directors, as part of an agreement with the Elliott Investment Management investment fund, to “generate value for shareholders.” The main change is the creation of a new Management Board Strategy Committee, which will be in charge of evaluating the business strategy and identifying opportunities. As part of the Committee’s formation, Robert (Bob) Calderoni, a veteran technolo…
HPE makes board addition amid Elliott pressure
Hewlett Packard Enterprise has struck a boardroom truce with activist investor Elliott Investment Management, naming veteran tech executive Robert Calderoni to its board and establishing a new strategy committee he will chair, according to a report by Reuters. Calderoni – currently chair of chip equipment giant KLA and former CEO of Ariba and interim CEO of Citrix – joins HPE’s board effective immediately as part of a settlement following behind…
Hewlett Packard Enterprise Announces Board Enhancements to Support Ongoing Transformation and Drive Shareholder Value
Board to Appoint Technology Executive Robert Calderoni and Form New Strategy Committee to Identify Opportunities for Value Creation Enters into Cooperation Agreement with Elliott Investment ManagementHOUSTON--(BUSINESS WIRE)--HPE (NYSE: HPE) today ann... L'articolo Hewlett Packard Enterprise Announces Board Enhancements to Support Ongoing Transformation and Drive Shareholder Value è un contenuto originale di 01net.
HPE targets value boost with investor pact
Hewlett Packard Enterprise (HPE) signed an agreement with activist investor Elliott Management to create a new strategic committee as part of push to grow the software company’s value. Elliott Management has built a $1.5 billion holding in HPE and will work with the company through the committee to assess its future strategy and identify opportunities for additional value creation. The committee will be headed by former Citrix Systems CEO Robert…
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