Search company, investor...

Predict your next investment

Angel Investor (Individual)

See what CB Insights has to offer

Investments

1

About G. Kennedy Thompson

Headquarters Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest G. Kennedy Thompson News

Ray Lane steps down as HP chairman

Apr 7, 2013

05/04/2013 Facebook Twitter LinkedIn Google+ Reddit Ray Lane has announced plans to step down as chairman of the board for Hewlett-Packard. He will be replaced temporarily by Ralph Whitworth while the board searches for a new nonexecutive chairman. “After reflecting on the stockholder vote last month, I’ve decided to step down as executive chairman to reduce any distraction from HP’s ongoing turnaround,” Lane said in a statement. During last month’s election at HP’s annual meeting of stockholders, Lane secured only 59 per cent of the vote, while most of the other board members landed 80-90 per cent. Two other HP directors, John Hammergren and G. Kennedy Thompson, secured only 54 per cent and 55 per cent of the vote, respectively, and they too will leave the board after the May board meeting, the company reported. As noted by Bloomberg , proxy advisers urged shareholders to vote against Lane, Hammergren, and Thompson over HP’s bungled acquisition of Autonomy. In November, HP said it would take an $8.8 billion impairment charge related to what HP characterised as “willful” cooking of the books by former executives at Autonomy, the UK-based enterprise software company acquired by HP in October 2011 for $10 billion. “Since I joined HP’s board a little over two years ago, I’ve committed to board evolution to ensure our turnaround and future success,” Lane said. “I’m proud of the board we’ve built and the progress we’ve made to date in restoring the company.” Lane will continue to serve HP as a director. “Ray, John and Ken are terrific leaders, and they’re passionate about doing the right thing for HP,” Whitworth said in a statement. His comments were mirrored by the company’s president and CEO, Meg Whitman, who added that all three men invested a part of themselves in HP. “Their leadership is reflected in the early success we’ve had turning the company around,” she said in a statement. Former eBay chief Whitman took control of the company in September 2011, following the resignation of Léo Apotheker. At the same time, Lane moved from non-executive chairman to executive chairman of the board. With Lane stepping down, the role of lead independent director, currently held by Rajiv Gupta, is no longer necessary and will be eliminated, HP revealed. Gupta will remain on the board, replacing Thompson as chairman of the Audit Committee. Gary Reiner will fill Gupta’s seat as chairman of the Nominating and Governance Committee. Whitworth will become chairman of the Finance and Investment Committee in Hammergren’s absence. In a separate blog post , Whitworth said Lane, Hammergren, and Thompson made the “personal decision to do what they felt was best for HP.” He promised to “recruit a world-class chairman to take my place as soon a possible, and … recruit at least two other outstanding directors before the end of this year.”

G. Kennedy Thompson Investments

1 Investments

G. Kennedy Thompson has made 1 investments. Their latest investment was in Tykoon as part of their Seed VC - II on September 9, 2011.

CBI Logo

G. Kennedy Thompson Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/27/2011

Seed VC - II

Tykoon

$1.35M

Yes

1

Date

9/27/2011

Round

Seed VC - II

Company

Tykoon

Amount

$1.35M

New?

Yes

Co-Investors

Sources

1

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.