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HOME REGIONS EMEA › Apotheker out as HP turns to Whitman

Apotheker out as HP turns to Whitman

by Stuart Wilson, Friday 23 September 2011

The revolving door to the top job at technology giant HP shows no signs of slowing down. Leo Apotheker has stepped down as president, CEO and director at HP. Meg Whitman has been named the company’s new president and CEO.

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

Lane said, "We very much appreciate Léo’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."

"We are fortunate to have someone of Meg Whitman’s calibre 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," added Lane.

Whitman said, "I am honoured and excited to lead HP. I believe HP matters - it matters to Silicon Valley, California, the country and the world."

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