chip bergh levi strauss second quarter earnings sales

HP Inc.’s board has elected Chip Bergh as independent board chairman.

Bergh replaces Meg Whitman, who is stepping off the board, effectively immediately. Whitman has served as chairman of HP since the separation of HP Inc. and Hewlett Packard Enterprise in November 2015. Bergh has been lead independent director on the HP board since March 2017. He is president and chief executive officer of Levi Strauss & Co., serving in that capacity since September 2001. Previously, he was at Procter & Gamble for 28 years in various executive roles.

Dion Weisler, HP’s president and ceo, said, “Meg was instrumental in the formation of HP and in helping us to navigate early life as a separate company, bringing essential experience and continuity of leadership to our entire team.” He added that she is a “terrific friend and adviser” and will remain so as the company continues to execute its strategy of reinvention.

Whitman said, “The HP board is among the most diverse in our industry, and the company has established a proven track record of successful delivery on its commitments. I’m very confident in Dion’s continued vision and leadership as well as Chip’s ability to help guide the organization.”

Bergh noted that the company is “well positioned to continue increasing long-term value for shareholders.”

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