Hewlett-Packard Co said on Monday long-time director Larry Babbio Jr. will step down, as the technology giant continues to restructure its much-criticised board.

Babbio, along with fellow directors Sari Baldauf and Dominique Senequier, will not stand for re-election at an upcoming shareholders' meeting on 21 March, the company said in regulatory filings.

HP's board has found itself time and again on the firing line since its infamous wire-tapping incident in 2005, when a scandal involving eavesdropping on directors and journalists forced then-Chairwoman Patricia Dunn to resign the following year.