HPE adds KLA chair to board in pact with activist investor Elliott

Hewlett Packard Enterprise has agreed to cooperate with activist investor Elliott Investment Management and added a veteran tech executive to its board as part of efforts to boost shareholder value following its Juniper Networks acquisition.

Robert Calderoni, chairman of chip tools maker KLA, has joined HPE’s board and will lead a new strategy committee formed under a cooperation agreement with Elliott that includes information-sharing, the company said on Wednesday.

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