Sari Baldauf to Leave Hewlett-Packard’s Board
Hewlett-Packard just filed an 8K with the Securities and Exchange Commission saying that director Sari M. Baldauf, a Finnish executive and former head of Nokia’s Networks business, will not be standing for re-election to the company’s board of directors. She has been a director since 2006. She sits on the board’s Audit Nominating and Governance committees.
Baldauf was Executive Vice President and General Manager of Nokia’s Networks business from 1998 until 2005. She had joined Nokia in 1983 and held several executive positions there, including VP of its Asia Pacific unit from 1997 to 1998, and president of Nokia Cellular Systems from 1988 to 1996. She sat on N Executive Board of Nokia from 1994 until January 2005. She’s also a director of German automaker Daimler and of three Finnish companies one of which is the computer security firm F-Secure.
On January 18, 2012, Sari M. Baldauf notified the Board of Directors of Hewlett-Packard Company (“HP”) that she will not stand for re-election at the next annual meeting of stockholders. Ms. Baldauf will continue to serve as a director of HP until HP’s next annual meeting of stockholders, which is scheduled to be held on March 21, 2012.
It’s not entirely clear whether HP will move quickly to put another director on its board or not.