SAN DIEGO--(BUSINESS WIRE)--Relational Investors LLC today announced that its co-founder Ralph V. Whitworth is taking a leave of absence from the firm. Relational issued the following statement:
“Ralph is taking a leave of absence from the firm and has resigned from the Board of Directors of Hewlett-Packard to focus on his health. While on leave, Ralph’s duties at Relational will be assumed by co-founder David Batchelder and other members of the senior management team. Relational remains fully committed to serving its clients’ interests and wishes Ralph and his family all the best at this difficult time. Out of respect for Ralph’s privacy, the firm is not providing any additional information.”
About Relational Investors LLC
Relational Investors LLC, founded in 1996 by David H. Batchelder and Ralph V. Whitworth, is a privately held, multi-billion dollar asset management firm and registered investment adviser. Relational invests in publicly traded companies that it believes are undervalued in the marketplace.