After sacking Leo Apotheker, HP names Meg Whitman president and chief executive officer


HP announced
that its board of directors has appointed Meg Whitman as president and chief
executive officer.

In addition,
Ray Lane has moved from non-executive chairman to executive chairman of the
board of directors, and the board intends to appoint a lead independent
director promptly.

leadership appointments are effective immediately and follow the decision that
eApotheker step down as president and chief executive officer and resign as
a director of the company.

We are
fortunate to have someone of Meg Whitman’s caliber and experience step up to
lead HP,”said Lane.

We are at a
critical moment and we need renewed leadership to successfully implement our
strategy and take advantage of the market opportunities ahead. Meg is a
technology visionary with a proven track record of execution. She is a strong
communicator who is customer focused with deep leadership capabilities.
Furthermore, as a member of HP’s board of directors for the past eight months,
Meg has a solid understanding of our products and markets,”Lane added.

I am honored
and excited to lead HP. I believe HP matters – it matters to Silicon Valley,
California, the country and the world,” said Whitman

We very much
appreciate Leo’s efforts and his service to HP since his appointment last year.
The board believes that the job of the HP CEO now requires additional
attributes to successfully execute on the company’s strategy. Meg Whitman has
the right operational and communication skills and leadership abilities to
deliver improved execution and financial performance,” Lane added.

By Team
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