Raymond Lane
Hewlett Packard EnterpriseAbout Raymond J. Lane
Independent director at HPE since 2015; age 78. Former President and COO of Oracle, former Managing Partner at Kleiner Perkins, and current Managing Partner at GreatPoint Ventures, with prior senior roles at Booz Allen Hamilton and Electronic Data Systems. Served as Executive Chairman/Non-Executive Chairman of Hewlett‑Packard Company (2010–2013) and as Chairman of the Board of Trustees of Carnegie Mellon University (Emeritus Trustee). Committee memberships at HPE: Finance & Investment and Technology; the Board has determined he is independent under NYSE and HPE standards .
Past Roles
| Organization | Role | Tenure | Committees / Impact |
|---|---|---|---|
| Hewlett‑Packard Company | Executive Chairman; Non-Executive Chairman | Nov 2010–Sept 2011; Sept 2011–Apr 2013 | Leadership during corporate transition |
| Kleiner Perkins | Managing Partner; later Managing Partner until Dec 2019 | 2000–2013; through Dec 2019 | Venture investing and governance expertise |
| Oracle Corporation | President, COO, Director | Joined 1992 (dates not fully specified) | Large-scale operations and strategy |
| Booz Allen Hamilton | Senior Partner | Pre-1992 | Strategy and transformation experience |
| Electronic Data Systems (EDS) | Division Vice President | Pre-1992 | Enterprise IT operations experience |
| Carnegie Mellon University | Chairman (Emeritus Trustee) | Chair: Jul 2009–Jul 2015 | Higher-ed governance; tech ecosystem ties |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| GreatPoint Ventures | Managing Partner | Apr 2014–Present | Early-stage enterprise and digital health focus |
| Beyond Meat, Inc. | Director (public company) | Current | Only current public company board disclosed for Lane |
Board Governance
- Committee assignments: Finance & Investment Committee (member) and Technology Committee (member); no chair roles .
- Independence: Board determined Lane is independent; review considered ordinary-course transactions with entities where directors serve; all below materiality thresholds .
- Attendance and engagement: FY2024 Board held 7 meetings and committees held 35; average attendance ~96%; all directors attended ≥78% and all twelve standing for re‑election attended the annual meeting .
- Limits on overboarding: HPE guideline limits to ≤4 other public company boards (≤2 if a sitting public-company CEO); all directors compliant .
Fixed Compensation
| Component | FY2024 Program Terms | Lane FY2024 Actual ($) |
|---|---|---|
| Annual cash retainer | $115,000; option to elect stock/defer | $0 cash (elected stock) |
| Annual equity retainer | $240,000 in RSUs | Included in $354,979 stock awards |
| Meeting fees | $2,000 per Board or committee meeting in excess of ten | Not separately disclosed for Lane; included if elected in stock |
| Chair fees | Board Chair $200,000; committee chair $20k–$30k | N/A (not a chair) |
| Total FY2024 compensation | — | $354,979 (stock awards); total $354,979 |
Director compensation is set relative to HPE’s peer group and reviewed by FW Cook; FY2024 program unchanged and aligned with philosophy .
Performance Compensation
| Award Type | Performance Metrics | Vesting Schedule | Grant Date Fair Value ($) | Units Granted FY2024 (#) |
|---|---|---|---|---|
| RSUs (Director Equity Retainer) | None (time-based; no PSU metrics) | Earlier of next annual meeting or one year; dividend equivalent units accrue | $354,979 | 20,145 |
| Outstanding Stock Awards at FY2024 End (#) |
|---|
| 14,245 |
- No options, PSUs, or bonus metrics are disclosed for non‑employee directors; equity is time‑based RSUs with dividend equivalents .
Other Directorships & Interlocks
| Counterparty Type | Note |
|---|---|
| Ordinary-course transactions with companies where Lane or directors sit | Board reviewed transactions since fiscal 2022; all below the greater of $1 million or 2% revenue thresholds; independence maintained |
Expertise & Qualifications
- Technology and enterprise leadership; global operations; investment and capital allocation; growth and transformation; technological innovation; public company governance .
Equity Ownership
| Holder | Beneficial Ownership (Shares) | % Outstanding |
|---|---|---|
| Raymond J. Lane | 953,546 | * (<1%) |
- Stock ownership guideline: 5x annual cash retainer ($575,000) within five years; all non‑employee directors with >5 years of service have met guidelines—Lane qualifies by tenure .
- Anti-hedging/pledging: HPE prohibits director hedging and, with limited exceptions, pledging or holding HPE stock in margin accounts .
Governance Assessment
- Board effectiveness: Lane’s dual roles on Finance & Investment and Technology Committees align with his operating and innovation background, supporting oversight of capital allocation, M&A, investor relations, and technology strategy .
- Alignment: Electing to take 100% of cash compensation in stock (no cash received) increases skin-in-the-game and signals confidence; beneficial ownership is substantial relative to peers, with time-based RSUs outstanding .
- Conflicts/related-party exposure: HPE’s NGSR process and related‑persons policy, plus independence review each year, found no material relationships; ordinary-course transactions with entities linked to directors were under thresholds—mitigating interlock risks .
- Attendance and engagement: Strong overall Board/committee attendance (96% average) and annual meeting participation suggest active oversight; scheduling practices and annual evaluations reduce overboarding risk .
- RED FLAGS: None disclosed specific to Lane (no hedging/pledging permitted; no options repricing; no related-party transactions flagged as material). Continue to monitor venture/interlock exposure and any changes in Beyond Meat governance that could intersect with HPE counterparties .
Overall signal: Independent, experienced operator-investor with committee assignments matched to expertise; compensation taken in equity and high ownership support investor alignment, while HPE’s governance controls mitigate potential interlock conflicts.